Nubia Brand International Corp.
NUBI · Nasdaq
NO ACTION REQUIRED
Nothing left to do
The purchase completed and the shares became shares in the company it bought. There is no deadline left to miss.
Cash at settlement
No cash-per-share figure was filed for this vehicle before it finished.
Last close
Daily close
No price history on file yet — daily closes accumulate from the market data feed.
Trust settled · There is no line to draw here. This vehicle has finished: the cash was paid back or spent closing the deal, so the last filed figure describes an account that no longer exists and would be a floor under nothing.
SpacBrain’s read
Trust settled
The deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).
In plain terms
- What it is
- A SPAC from Mach FM Acquisitions LLC, listed on Nasdaq in March 2022.
- What it's doing now
- It agreed to buy Solidion Technology Inc.. That purchase completed, and it stopped being a SPAC — the shares became shares in the business it bought.
- What you should know
- This SPAC has finished. The purchase completed, and the shares became shares in the company it bought — anyone who wanted the cash instead asked for it at the vote, so there is no cash left here to claim and no deadline left to miss.
At a glance
- Where it stands
- Closed (deSPAC)
- The business it bought
- Solidion Technology Inc. — Technology, Inc.
- Industry
- the deal record does not name the target's industry yet
- Deal value
- not stated in the filings we hold
- Price vs cash at settlement
- no live price on file
- Cash in trust when it settled
- not yet extracted into a snapshot — the filings below may state it
- the last trust total filed while this was still a SPAC — the account has since been paid out or used to close the deal
- IPO
- 14 March 2022
- size not on file
- Headquarters
- 1900 NORTH PEARL ST., DALLAS, TX, 75201
- registered in Delaware
- Lead underwriter
- not extracted from the prospectus yet
- Key officers
- Ikezi Henry · Tjon Karin-Joyce (Director) · Davis John Linzy (Director)
- Listed securities
- NUBI common
This vehicle has finished, so there is no window to file a cash-per-share figure for and none will follow. No estimate is shown in its place.
Nothing dated is on file. That is an absence in the record, not a statement that nothing is coming.
Yield to redemption
Nothing left to redeem — no yield to compute.
This SPAC has finished — its trust was paid back or used to close the deal, so there is nothing left to redeem and no yield to compute. A yield to redemption is a claim that you can hand these shares back for the trust cash. That account is closed, so this page will not print a number here.
What happened to the cash
The reasoning behind the verdict above, in the order the filings establish it.
- The deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).
What has happened, and what is coming
1 dated milestoneEvery dated step from the day it listed to the next date you may have to act on. Where you have to do something, the day your broker needs the instruction is marked too.
- 14 March 2022IPOpassed
IPO size not on file
The deal
terms as filedWhat it is buying, on what terms, and how much of the combined company new shares take from you.
- closed
What Solidion Technology Inc. does — read from solidiontech.com on 26 August 2026
Solidion Technology Inc. is a battery technology company based in Texas and Ohio, focusing on sustainable synthetic graphite production and high-capacity anode materials for electric vehicles (EVs) and energy storage systems (ESS). The company highlights its extensive intellectual property portfolio, including over 500 patents, and claims to be the No. 1 Battery Startup in Si Anode Technology and a Global Top 100 Innovator.
Dallas, TXBattery TechnologyElectric Vehicles (EV)Energy Storage Systems (ESS)Deal structureSEC-primary — BCA 8-K / S-4 / DEFM14A- PIPE
- ≈ $4M · unsourced
PIPE terms — instrument, coupon, conversion price and any reset floor — are not sourced for this deal. The size above is itself unsourced — a stored figure no filing we hold states — so neither the size nor the terms should be read as cited.
stated in:0001213900-24-023135
The score
deterministic, from filed fieldsNUBI is not in the scored universe, so no score is shown. A withheld score is a fact about the record, not a verdict about the company.
The score is only published for names that carry both a price and a filed cash-per-share figure — 292 of the tracked fleet today. The rest keep an empty dial rather than a modelled one, and fill in by themselves as the fields land.
The company
from SEC filingsRead the full profile
Nubia Brand International Corp. was a Delaware-incorporated blank-check company headquartered at 13355 Noel Road, Suite 1100, Dallas, Texas, that completed its initial public offering on March 14, 2022, with its common stock trading on Nasdaq under the ticker symbol NUBI. The offering was conducted under SEC registration statement File No. 333-261114, originally filed as an S-1 on November 16, 2021, with the pricing prospectus filed as a Form 424B4 on the IPO date. Each unit consisted of one share of Class A common stock and one-half of one warrant, with each whole warrant entitling the holder to purchase one share of Class A common stock. The sponsor of the vehicle was Mach FM Acquisitions LLC, and the company's chief executive officer and director was Jaymes Winters, with Vlad Prantsevich serving as director and chief financial officer.
The company's business combination closed on February 8, 2024, as evidenced by an 8-K filing reporting a "Change in Shell Company Status" under Item 5.06, at which point EDGAR reassigned the registrant's SIC classification from 6770 (blank-check) to 3690 (Miscellaneous Electrical Machinery, Equipment & Supplies) and the entity subsequently operated under the name Solidion Technology Inc., trading on Nasdaq under the symbol STI. Following the combination, Solidion Technology positioned itself as an advanced battery technology solutions provider, developing platforms including its patented Generation Extreme-Climate Battery (Gen-ECB) technology engineered for satellites, LEO-based AI data centers, crewed spacecraft, and lunar infrastructure applications, as well as its PEAK Series UPS battery system designed for AI data centers. In June 2026, Solidion completed a $35 million private placement involving 750,000 shares of common stock and pre-funded warrants to purchase 1,583,000 shares, priced above market under Nasdaq rules, with proceeds earmarked to commercialize the Gen-ECB platform, expand inventory, advance prototype development, and support general working capital needs.
Material findings
from the full read of every filingEvery document this company files gets read whole — body and exhibits. These are the ones the read flagged as material, newest first, each citing its filing.
The going-concern doubt is stated as alleviated on the strength of a completed financing, not of operations: quarterly sales are $124,914 against a $2.9 million net loss. The elimination of the Series C and D pre-funded warrants removes a derivative liability and a source of future dilution as the company describes it.
...
Concurrently the parties stipulated to dismiss with prejudice Meteora Capital Partners, LP v. Solidion Technology (Del. Ch. No. 2024-0752-LWW, filed July 16, 2024, with a default judgment motion of August 13, 2024), with the company issuing 12,393,002 shares to Seller within five business days and paying up to $65,000 of Seller's fees. Seller forbears from Valuation Date Events only until December 31, 2024, after which its rights revive in full. The company also amended a consulting agreement with Arbor Lake Capital, paying 2,000,000 shares as a retainer plus revenue-share fees.
The second director departure in three weeks at a company carrying three open Nasdaq deficiencies, and the seat is filled by reassigning a sitting director rather than adding a new independent one, so board size falls. Registrant is the post-combination company Solidion Technology, recorded here under the SPAC ticker NUBI.
Three separate deficiencies are now open against the same company on the Nasdaq Global Market: the August 1, 2024 minimum bid price notice with a January 28, 2025 cure date, plus these two expiring February 24, 2025. The company states it will monitor and consider options but names no plan.
A board departure eleven days after the company received the Nasdaq minimum bid price deficiency notice. No successor is named and no committee assignments are described. Registrant is the post-combination company Solidion Technology, recorded here under the SPAC ticker NUBI.
Show 6 more material filings
A second 180-day grace period is available only by applying to transfer to the Nasdaq Capital Market, meeting that market's other initial listing standards, and giving written notice of intent to cure by a reverse stock split if necessary. Stockholders already authorised a 1-for-10 to 1-for-50 reverse split on June 3, 2024, though the company states no decision on a response has been made.
The periodic-filing deficiency reported five weeks earlier is cured and closed, with no compliance plan or hearing needed. Registrant is the post-combination company Solidion Technology, recorded here under the SPAC ticker NUBI.
The 68,055,000 votes cast are stated as 78.31% of shares outstanding and were unanimous on all three proposals, so the board holds authority to set a reverse split ratio anywhere in a 1-for-10 to 1-for-50 range without a further vote. The company states its securities continue to trade on the Nasdaq Global Market under the symbol STI. Registrant is the post-combination company Solidion Technology, recorded here under the SPAC ticker NUBI.
The proxy is explicit about the second-order effect: because the number of authorized shares of capital stock does not change in a reverse split while issued and outstanding shares fall in proportion to the final ratio, the split effectively increases the pool of authorized but unissued common stock available for future issuance. Holders approving both items therefore create headroom as well as compress the count — and the warrant approval is what fills that headroom.
A $700 million valuation delivered in roughly 70,000,000 shares prices the target at $10.00 per share, the same reference SPAC holders paid into trust — so NUBI public holders are buying an unproven battery business at par while the sellers take nearly the whole share count. The unreleased G3 tax lien is a disclosed liability being carried into the combined company, adjusted for by only $2,000,000. Redemption at trust value avoids both.
The earnout is unusually large and priced well above the deal: up to 22,500,000 additional shares of Class A common stock, in tranches of 5,000,000 at a volume weighted average price of $12.50, 7,500,000 at $15.00 and 10,000,000 at $25.00, each measured over any ten trading days within any thirty-trading-day period. Because the per-share consideration is blank, a Nubia holder cannot tell from this document how much of the company the $700,000,000 buys — only that 22,500,000 shares can be issued on top of it.
Filings
live EDGAR feedEverything this company has filed with the SEC recently, newest first, each with a plain summary of what changed and why it matters.
What changed: Exhibit 99.1 to an 8-K of Solidion Technology Inc. (Nasdaq: STI): an August 6, 2026 press release reporting Q2 2026 results. Cash and equivalents were $27.7 million at June 30, 2026 versus $0.2 million at December 31, 2025, and the company states that following completion of a $35 million private placement the previously disclosed substantial doubt about its ability to continue as a going concern has been alleviated. Why it matters: The going-concern doubt is stated as alleviated on the strength of a completed financing, not of operations: quarterly sales are $124,914 against a $2.9 million net loss. The elimination of the Series C and D pre-funded warrants removes a derivative liability and a source of future dilution as the company describes it.
What changed: ... Why it matters: ...
combination deadline, going-concern doubt, sponsor loans outstandingnothing moved · 3 with no prior record of ours
- Combination deadline
- not previously extracted2025-05-31
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $1.0M · unchanged
The clause …“increase the interest rate to 10 % per annum, and extend the maturity date to May 31, 2025 . The outstanding principal balance was $ 621,732 as of December 31, 2025, with accrued but unpaid interest of approximately $ 28,614 . During”…
The clause …“of scheduled installments (see Note 10). These conditions previously raised substantial doubt about the Company’s ability to continue as a going concern, as disclosed in the Company’s Annual Report on Form 10-K for the year ended”…
The clause …“in the Company’s condensed consolidated balance sheet. See Note 6. The outstanding balance of the Promissory Note amounted to $ 1,025,824 as of June 30, 2026 and December 31, 2025. The accrued but unpaid interest on the”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Solidion Technology, Inc., successor to Nubia Brand International Corp, rescheduled its first annual meeting of stockholders following the effectiveness of its amended and restated certificate of incorporation to September 15, 2026, after closing a previously announced private placement. The company set July 9, 2026 as the deadline for stockholder proposals to be included in the proxy materials under Exchange Act Rule 14a-8, and states proposals received after that date will be considered untimely. Why it matters: The date that matters here is the July 9, 2026 proposal deadline rather than the meeting itself: it is the point after which a stockholder loses the right to put a proposal into the company's own proxy materials. The record date, time and location of the meeting are not yet set and will appear in the proxy statement.
Show the other 10 filings
The sponsor
The people who set this company up, what they have done before, and the advisers around the deal.
Mach FM Acquisitions LLCnamed as sponsor in this SPAC’s filings — but with no researched track record behind it yet.
A missing score, not a score of zero — why
A Sponsor Score is only published once the sponsor’s prior vehicles have been verified on EDGAR and their post-close outcomes priced. That record does not exist for this sponsor yet, so no number and no tier is shown. That is a missing score, not a score of zero — and not a neutral 50 either.
Coverage so far: 301 of 1281 tracked SPACs (23%) are attached to a scored sponsor. This card fills in by itself as the research lands.
The record
The reference detail — how the shares were structured at listing, how thinly they trade, and where the company is registered.
Show the reference detail
Unit structure
from 424B3 0001213900-26-071102
Trading & liquidity
Company profile
Directors & officers
- Ikezi Henry10% owner
- Tjon Karin-JoyceDirector
- Davis John LinzyDirector
Institutional holders
from SC 13G/13DFunds that have declared a stake above 5%. Heavy ownership by arbitrage funds usually means heavy cash-outs at the next vote.
Show the declared stakes
8 filers with a stake on file · 0 re-affirmed in the last 12 months. A stake with no amendment since is the filer’s last word on it, not proof it is still held — and percentages filed in different years are percentages of different floats, because this vehicle’s share count collapses at every redemption.
- Global Graphene Group, Inc.90.4% · SC 13DFeb 6, 2024 stale
- METEORA CAPITAL, LLCwith 1 other reporting person on the same schedule12.7% · SC 13G/ANov 14, 2024 stale
- Shaolin Capital Management LLC5.5% · SC 13GFeb 14, 2023 stale
- AQR CAPITAL MANAGEMENT LLCwith 1 other reporting person on the same schedule0.0% · SC 13G/AFeb 14, 2024 stale
- ATW SPAC MANAGEMENT LLCwith 2 other reporting persons on the same schedule0.0% · SC 13G/AFeb 13, 2024 stale
- BOOTHBAY FUND MANAGEMENT, LLCwith 1 other reporting person on the same schedule0.0% · SC 13G/AFeb 13, 2024 stale
- Beryl Capital Management LLCwith 2 other reporting persons on the same schedule0.0% · SC 13G/AFeb 8, 2024 stale
- Saba Capital Management, L.P.with 1 other reporting person on the same schedule0.0% · SC 13G/AFeb 8, 2024 stale
One line per filer, not per reporting person: a joint schedule names the management company, its funds and often the individual who controls them, and all of them report the same shares. Click a name for that filer’s whole footprint across every SPAC it has declared a stake in.
News
company wires and the financial pressReporting we have matched to this ticker. Headlines belong to the outlets that wrote them.
Show the headlines
- Solidion Technology Achieves Dramatic Balance Sheet Improvement, Increased Revenues
PR Newswireundated by the source
Sources on file
harvested pages, kept in fullEvery public page we have read about this company, stored in full so a source can never go missing.
Show the sources
33 full SEC filing texts archived — searchable, never lost.
- Vault note — NUBI (Nubia Brand International Corp.)
vault-note · /vault/tickers/NUBI
- Vault deal note — Solidion Technology Inc. (NUBI)
vault-note · /vault/deals/solidion-technology-inc
- Solidion Technology prices $35M private placement | STI Stock News
news · stocktitan.net
- Solidion Technology Achieves Dramatic Balance Sheet Improvement, Increased Revenues
news · prnewswire.com
- Ihre Datenschutzeinstellungen
news · consent.yahoo.com
- Technology | Solidion
company-site · solidiontech.com
- Solidion Technology Inc.
company-site · solidiontech.com
In plain English
tap a term to open itEvery piece of jargon this page could have used, and what it actually means.
Open the plain-English guide
No floor / floorlessthe cash guarantee is gone — the price is unprotected
A SPAC's downside protection is not the cash in trust; it is your right to demand that cash. Once the redemption window closes, the cash stays with the company and the share can trade anywhere.
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Broker action datethe day your broker needs the instruction — earlier than the official date
Brokers batch redemption instructions to the transfer agent, so the practical cutoff is roughly two business days before the published deadline. This is the date that actually costs people the floor.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Trust discountbuying below the cash held for you
Only meaningful while a redemption right exists. On a floorless name the same arithmetic is not a discount, it is the market pricing distress, and this product will not call it a yield.
Dilutionhow much of the company new shares take from you
Sponsor promote, PIPE shares, warrants and rights all issue stock that did not pay $10 for it. The headline deal value is before that; the effective value is after.
Pro-forma equitywhat the company is valued at once the deal closes
The combined company's equity value assuming the announced terms and the redemptions that have actually happened.
ARShow much upside you get per unit of downside
SpacBrain's asymmetric-return score. It is deterministic — the same inputs always produce the same number — and it is capped, not zeroed, when the floor is gone.
De-SPACthe day the SPAC becomes the real company
The shares stop being a claim on a pot of cash and start being equity in an operating business. Roughly 80% of recent de-SPACs traded below $10 within a year.
Outside datethe contractual long-stop for closing the deal
A deadline between the SPAC and its target, not between the SPAC and you. It confers no right to cash, which is exactly why it must never be counted as a redemption window.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.
Accreted NAV (estimate)the last filed cash figure, plus the interest it should have earned since
A model, not a filing: last filed value compounded at the 3-month T-bill for the days elapsed. Always shown in italic with the word estimate, and never printed beside a filed number without it.
Ask the brain
from its filingsData provenance & audit trail5 internal entries
Written by SpacBrain’s data agents whenever a figure is captured, corrected or flagged, and kept verbatim so every number on this page can be traced back to the filing that states it. This is a running log, not the current record: an early entry may be superseded by a later correction — the panels above always hold the current values.
admitted from EDGAR's QUARTERLY FORM INDEX, walked without any SIC filter. The SIC 6770 census could not reach this registrant: EDGAR reassigns a shell's SIC the day it stops being one, and this CIK now files under 3690 (Miscellaneous Electrical Machinery, Equipment & Supplies). The screen found it by filing SHAPE instead — S-1 2021-11-16 → 8-A12B 2022-03-10 → 424B4 2022-03-14 — which nothing rewrites. Admission rule: src/lib/universe-admit.ts. SIC 3690 + self-described blank check in 424B4 0001213900-22-012223; 424B 0001213900-22-012223 priced 2022-03-14 under S-1 0001213900-21-060013 (file 333-261114, an offering for cash); common ticker NUBI off 10-K 0001213900-23-020725 (2023-03-17); lifecycle EXITED. The pricing prospectus was filed under SEC file number 333-261114, which belongs to S-1 0001213900-21-060013 (2021-11-16) — a registration of shares sold for CASH, which is what makes it an IPO rather than merger consideration. Blank-check status from the registrant's own first-person sentence in that prospectus (EDGAR full-text search, 424B4 2022-03-14). Ending PROVEN, not inferred: CLOSED per 8-K 0001213900-24-011711 (2024-02-08) — 8-K item 5.06 "Change in Shell Company Status" (EDGAR item index, items: 1.01,2.01,2.03,3.02,3.03,5.01,5.02,5.03,5.05,5.06,9.01). ipoSizeM and deadline left NULL: gross-proceeds prose conflates the over-allotment with the offering, and a charter deadline belonging to a vehicle that has ended is a date nobody can act on. ipoDate is the 424B pricing date.
sponsor "Mach FM Acquisitions LLC" (SEC CIK 0001917421) sourced from Form 3 reportingOwner (10% owner) acc 0001213900-22-018041.
"Solidion Technology Inc." is the registrant's CURRENT identity, adopted when the combination closed — EDGAR renames on the closing day, so the rename predates the ending we store and every date-based check cleared it; the vehicle traded as "Nubia Brand International Corp." per the COMPANY CONFORMED NAME in 424B4 0001213900-22-012223 filed 2022-03-14. §98
[CLOSED-RENAME] EDGAR CIK 0001881551 records "Nubia Brand International Corp." ending 2024-02-02; the registrant continues as "Solidion Technology Inc.". The rename is the SEC's own record of what the vehicle became, keyed by CIK. Closed 2024-02-02. No deal value is set — a rename says what was acquired, never for how much. No date column is set: Deal has announcedAt, voteDate and expectedCloseAt and nowhere to record an actual close, so the SEC's date is kept here until that column exists. [DEAL-STRUCTURE-MINED] pipeSizeM=3.85 from primary filings (0001213900-24-023135).
pipeBasis set to UNSOURCED: the size came from the research seed / an earlier record and no filing we hold states it — surfaces now label it "unsourced"; an LLM re-read to FILED replaces this when credits allow