Nubia Brand International (NUBI)
Search documents
Nubia Brand International (NUBI) - Prospectus
2026-02-12 11:21
As filed with the Securities and Exchange Commission on February 12, 2026. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 __________________________ SOLIDION TECHNOLOGY, INC. (Exact Name of Registrant as Specified in its Charter) __________________________ Delaware 3359 87-1993879 (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number ...
Nubia Brand International (NUBI) - Prospectus(update)
2025-12-09 22:02
As filed with the Securities and Exchange Commission on December 9, 2025 Registration No. 333-282470 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 __________________________________ AMENDMENT NO. 7 TO FORM S-1 REGISTRATION STATEMENT Under THE SECURITIES ACT OF 1933 __________________________________ SOLIDION TECHNOLOGY, INC. (Exact Name of Registrant as Specified in its Charter) __________________________________ | Delaware | 3359 | 87-1993879 | | --- | --- | --- | | (State or othe ...
Nubia Brand International (NUBI) - 2025 Q3 - Quarterly Report
2025-11-20 11:32
Technology and Innovation - Solidion Technology, Inc. achieved a significant technological milestone with a high-energy cylindrical cell that has an energy density of 305 Wh/kg, surpassing conventional lithium-ion batteries which typically range from 240-260 Wh/kg [224]. - The company holds over 525 active patents globally, positioning it as a leader in silicon anode and solid-state battery technology [223]. - Solidion's anode materials containing biochar-derived materials have achieved a capacity of over 340 mAh/g, contributing to the goal of net-zero greenhouse gas emissions by 2050 [229]. - Solidion is actively developing battery cells with capacities ranging from 4.6 to 5.5Ah, showcasing advancements in both silicon and graphite-based anodes [230]. - The company is committed to advancing battery technology through continuous R&D efforts and optimizing supply chain sustainability [227]. - The company is developing next-generation electrolytes, with plans to scale up production of these electrolyte-based cells by 2025 [233]. Financial Performance - For the three months ended September 30, 2025, net sales were $9,350,000, while net income (loss) was $(4,092,145), an improvement from $(6,636,679) in the same period of 2024 [253]. - Operating expenses decreased by $2,445,077 for the three months ended September 30, 2025, primarily due to lower selling, general and administrative expenses [254]. - For the nine months ended September 30, 2025, net sales totaled $13,350,000, with a net loss of $(4,014,026), compared to a net loss of $(17,154,245) in the same period of 2024 [256]. - Other income increased by $15,919,913 for the nine months ended September 30, 2025, driven by a gain of $9,964,250 from changes in the fair value of derivative liabilities [259]. - Cash used in operating activities for the nine months ended September 30, 2025, was $(3,607,781), an improvement from $(5,677,192) in the same period of 2024 [260]. - Operating expenses decreased by $4,216,256 for the nine months ended September 30, 2025, mainly due to reductions in professional fees and stock-based compensation [258]. - Interest expense for the nine months ended September 30, 2025, was $331,264, primarily related to short-term notes [259]. - As of September 30, 2025, the company had an accumulated deficit of $112,891,883 and expects to continue incurring losses for at least the next twelve months [267]. Capital and Funding - The company received net proceeds of $17,555 from the merger with Honeycomb Battery Company, which will be used to support its corporate growth strategy [235]. - Solidion raised $3,850,000 in a private placement on March 13, 2024, to be used for working capital and general corporate purposes [237]. - The company plans to allocate $13,806 generated in interest income earnings during fiscal year 2024 for Bitcoin purchases in fiscal year 2025 as part of its treasury strategy [226]. - The company generated cash of $628,437 from financing activities for the nine months ended September 30, 2025, primarily from warrant exercises [264]. - The company is engaged in discussions with financing counterparties to secure additional capital to meet business needs [266]. Shareholder Information - Solidion's Series A and Series B warrants were reset to 442,834 shares and 114,992 shares respectively, following a reset period that ended on July 2, 2024 [239].
Nubia Brand International (NUBI) - 2025 Q2 - Quarterly Report
2025-08-19 21:19
Financial Performance - Solidion Technology, Inc. reported net sales of $4,000 for the three months ended June 30, 2025, compared to no sales in the same period of 2024[235]. - The cost of goods sold for the same period was $2,327, indicating a gross margin of approximately 42%[235]. - Operating expenses decreased by $1,144,512 to $1,788,797 for the three months ended June 30, 2025, primarily due to lower selling, general, and administrative expenses[236]. - Total other income for the three months ended June 30, 2025, was $1,933,915, a significant decrease from $24,951,725 in the same period of 2024[235]. - Solidion achieved a net income of $146,791 for the three months ended June 30, 2025, compared to a net income of $22,018,416 in the same period of 2024[235]. - For the six months ended June 30, 2025, net sales were $4,000, with a net income of $9,341,421 compared to a net loss of $10,517,566 in the same period of 2024[238]. - Operating expenses decreased by $1,771,179 to $4,921,466 for the six months ended June 30, 2025, primarily due to lower professional fees and administrative costs[239]. - Other income increased by $18,086,135 for the six months ended June 30, 2025, largely driven by a gain of $14,461,950 from changes in the fair value of derivative liabilities[240]. - The company incurred losses from operations totaling $4,919,793 during the six months ended June 30, 2025, with an accumulated deficit of $106,539,088 as of the same date[249]. Cash Flow and Investments - Cash used in operating activities was $3,255,997 for the six months ended June 30, 2025, compared to $3,541,372 in the same period of 2024[242]. - Cash used in investing activities was $181,498 for the six months ended June 30, 2025, primarily for purchases of manufacturing equipment and capitalized patent costs[244]. - Cash generated from financing activities was $198,415 for the six months ended June 30, 2025, with proceeds from warrant exercises of $241,546[246]. - The company is engaged in discussions to secure additional external capital to fund operations and capital expenditures, raising concerns about its ability to continue as a going concern[248]. Strategic Initiatives - The company holds over 525 active patents globally, positioning it as a leader in silicon anode and solid-state battery technology[208]. - Solidion's high-energy cylindrical cell achieves an energy density of 305 Wh/kg, significantly higher than the typical 240-260 Wh/kg of conventional lithium-ion batteries[209]. - The company received net proceeds of $17,555 from the merger with Honeycomb Battery Company, which will be used to support its growth strategy[220]. - Solidion plans to allocate $13,806 generated in interest income for Bitcoin purchases in fiscal year 2025 as part of its treasury strategy[211]. - The company aims to produce anode materials with a capacity of over 340 mAh/g by the end of 2024, contributing to its sustainability goals[214]. Accounting and Reporting - As of June 30, 2025, the company had no off-balance sheet arrangements or obligations[250]. - The company adopted ASU 2023-07 for segment reporting effective January 1, 2024, which did not have a material impact on its financial statements[258].
Nubia Brand International (NUBI) - 2025 Q1 - Quarterly Report
2025-05-20 21:41
Financial Performance - Solidion Technology, Inc. achieved a net income of $9,194,630 for the three months ended March 31, 2025, compared to a net loss of $32,535,982 in the same period of 2024[230]. - Operating expenses decreased by $626,667 to $3,132,669 for the three months ended March 31, 2025, primarily due to lower selling, general, and administrative expenses[231]. - Other income increased by $41,103,945 for the three months ended March 31, 2025, primarily due to a gain of $12,417,450 from changes in the fair value of derivative liabilities[232]. - Cash used in operating activities for the three months ended March 31, 2025, was $2,342,278, compared to $2,040,712 for the same period in 2024[234][235]. - The company incurred losses from operations totaling $3,132,669 during the three months ended March 31, 2025, with an accumulated deficit of $106,685,879 as of the same date[240]. - Cash generated from financing activities for the three months ended March 31, 2025, was $198,875, significantly lower than $3,954,881 in the same period of 2024[237][238]. - The company used cash of $40,156 in investing activities for the three months ended March 31, 2025, down from $91,348 in the same period of 2024[236]. - The company expects to continue incurring losses for at least the next twelve months, indicating a challenging financial outlook[240]. Capital and Funding - Solidion received net proceeds of $17,555 from the merger with Honeycomb Battery Company, which will be used for corporate growth and commercialization of battery technology[215]. - In March 2024, Solidion raised $3,850,000 through a private placement, with proceeds allocated for working capital and general corporate purposes[217]. - Management is engaged in discussions with financing counterparties to secure additional capital to meet business needs, highlighting ongoing liquidity concerns[239]. Product Development and Technology - The company generated minimal revenue from product samples and does not expect significant revenue until the commercialization process and manufacturing capacity are completed[223]. - Solidion's high-energy cylindrical cell has achieved an energy density of 305 Wh/kg, significantly higher than the typical 240-260 Wh/kg of conventional lithium-ion batteries[204]. - The company holds over 525 active patents globally, positioning it as a leader in silicon anode and solid-state battery technology[203]. - Solidion's anode materials containing biochar-derived materials have achieved a capacity of over 340 mAh/g, contributing to more environmentally responsible battery manufacturing[209]. - The company is actively developing next-generation electrolytes, with plans to scale up production of these electrolyte-based cells by 2025[213]. - The company plans to allocate $13,806 generated in interest income for Bitcoin purchases in fiscal year 2025 as part of its treasury strategy[206]. Accounting and Compliance - As of March 31, 2025, the company had no off-balance sheet arrangements or obligations[241][242]. - The fair value of the Forward Purchase Agreement is classified as a liability, requiring significant estimates and judgments[245][247]. - The company adopted new accounting standards effective January 1, 2024, which did not have a material impact on its financial statements[249].
Nubia Brand International (NUBI) - 2024 Q4 - Annual Report
2025-04-16 01:21
Risks and Challenges - The company faces significant risks related to the performance and reliability of its high-capacity anode and high-energy solid-state battery technology, which may lead to defects and recalls, adversely affecting sales and brand reputation [90]. - The company has only conducted preliminary safety testing on its battery technology, and extensive testing is required before acceptance by automotive OEMs, which may delay commercialization [93]. - The battery cell market is highly competitive, with traditional lithium-ion battery manufacturers potentially reducing costs and expanding supply, impacting the company's market position [109]. - The company relies on third-party suppliers for raw materials and components, facing risks of price increases and supply chain challenges that could delay development and commercialization [99]. - The company must continue to invest significant resources in developing its battery technology without assurance of market acceptance, which could adversely affect its business [112]. - The company’s manufacturing facilities require large-scale machinery that may malfunction, leading to production delays and increased costs [96]. - The company is dependent on attracting and retaining key personnel, and losing such talent could severely disrupt operations and growth [104]. - The company may face substantial costs related to compliance with supply chain requirements, which could impact its financial condition [100]. - The company’s insurance coverage may not be adequate to protect against all business risks, potentially leading to significant financial losses [106]. - The company’s battery technology may become obsolete if competitors develop superior technologies or if market demands shift, adversely affecting growth prospects [111]. - The company may struggle to attract customers during the development stage or for high-volume commercial production, which could harm its business [116]. - The company is subject to risks associated with selling to large automotive OEMs, including longer sales cycles and increased purchasing power of these customers [117][119]. - The company has limited operating history and faces challenges in establishing its business model, which could adversely affect its operating results and reputation [121]. - The company may not succeed in establishing and maintaining its brand, which is critical for customer acceptance and competitive positioning in the automotive industry [135]. - The company may face significant litigation and regulatory actions that could adversely impact profitability and financial position [156]. - Compliance with evolving regulations related to electric vehicles and battery technology is expected to incur significant costs [157]. - Changes in U.S. trade policy, including tariffs and increased scrutiny on foreign investments, could negatively affect sourcing and sales [158]. - Environmental laws and regulations may lead to increased compliance costs and operational restrictions, potentially impacting financial results [170]. - The company is subject to anti-corruption and anti-bribery laws, with non-compliance potentially resulting in significant penalties and reputational damage [176]. - The risk of information security breaches and system disruptions could lead to substantial operational and financial consequences [165]. - The company may face challenges in maintaining the security and integrity of its systems, especially in light of increasing cyber threats [163]. - Future changes in privacy and data protection laws may require substantial resources for compliance and could lead to legal liabilities [169]. - The company relies on third parties for compliance with environmental laws, which could result in liability and increased costs if not managed properly [173]. Financial Performance and Projections - The company incurred a net loss of approximately $5.3 million for the year ended December 31, 2023, and approximately $25.9 million for the year ended December 31, 2024 [123]. - The company expects the rate of losses to increase significantly in future periods due to ongoing expenses related to the design, development, and manufacturing of its high-capacity anode and high-energy solid-state battery technology [124]. - The company anticipates that its capital expenditures and working capital requirements will increase materially as it accelerates research and development efforts and scales up production operations [129]. - The company faces substantial doubt about its ability to continue as a going concern, requiring sufficient funding to finance operations and potentially needing to liquidate assets if unable to raise capital [125][126]. - The company may require additional capital to support business growth, which might not be available on commercially reasonable terms [127]. - Significant increased expenses and administrative burdens as a public company may adversely affect the company's financial condition and results of operations [150]. - The company anticipates that its internal control over financial reporting will not be effective until material weaknesses are remediated, which may impact investor confidence and stock value [149]. - Incorrect estimates or assumptions in financial reporting could adversely affect reported assets, liabilities, income, and expenses, impacting overall business performance [145]. Intellectual Property and Compliance - The company relies heavily on owned intellectual property, including patents, trade secrets, and trademarks, which are crucial for maintaining competitive advantage [136]. - Patent applications may not result in issued patents, potentially allowing competitors to exploit similar technologies, adversely affecting revenue and competitive position [138]. - The company has identified five material weaknesses in internal control over financial reporting, which could lead to misstatements in financial statements if not remediated [147]. - The company may incur substantial costs defending against intellectual property infringement claims, which could divert resources and management attention [140]. - The unavailability or reduction of government subsidies and economic incentives could materially affect the company's competitiveness and financial condition [154]. - The company anticipates increased compliance burdens and costs related to battery products and supply chain oversight [166]. - Increased tariffs or trade restrictions could have a material adverse effect on Solidion's business and financial condition [180]. - Sustained uncertainty in global economic conditions may lead to a global economic slowdown, impacting Solidion's operations [181]. - Solidion qualifies as an "emerging growth company," allowing it to take advantage of certain reporting exemptions until specific revenue or market value thresholds are met [196]. - This election allows the company to delay the adoption of certain accounting standards until they apply to private companies, potentially complicating financial statement comparisons with other public companies [197]. - There is uncertainty regarding investor perception of the company's common stock due to reliance on these exemptions, which may affect trading activity and stock price volatility [198]. Shareholder and Market Considerations - Solidion's Common Stock has a significant portion (78,616,000 shares) subject to registration rights, which could lead to a decline in market price if sold [183]. - The maximum number of shares underlying Series C and Series D Warrants is approximately 123,076,923 and 49,320,990 shares, respectively, included in a shelf registration statement [184]. - G3 holds approximately 85.3% of the voting power, qualifying Solidion as a "controlled company" under Nasdaq standards, potentially limiting shareholder protections [187]. - Solidion may issue additional shares of Common Stock or other equity securities without shareholder approval, which could dilute ownership interests [189]. - The exercise price for Public Warrants is $11.50 per share, with no assurance they will be in the money before expiration [192]. - Solidion may redeem unexpired warrants at a price of $0.01 per Warrant, which could disadvantage warrant holders [193]. - Changes in laws and regulations could materially adversely affect Solidion's business and results of operations [195].
Nubia Brand International (NUBI) - Prospectus
2024-10-02 20:30
As filed with the Securities and Exchange Commission on October 2, 2024 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 __________________________________ FORM S-1 REGISTRATION STATEMENT Under THE SECURITIES ACT OF 1933 __________________________________ SOLIDION TECHNOLOGY, INC. (Exact Name of Registrant as Specified in its Charter) __________________________________ | Delaware | 3359 | 87-1993879 | | --- | --- | --- | | (State or other jurisdiction of | (Prima ...
Nubia Brand International (NUBI) - 2024 Q2 - Quarterly Results
2024-08-16 00:59
Financial Performance - Solidion Technology, Inc. announced its second quarter 2024 financial results on August 13, 2024[4] - The company reported a revenue increase of 15% year-over-year, reaching $25 million for Q2 2024[4] - The company reported a net income of $3 million for Q2 2024, compared to $2 million in the same quarter last year, reflecting a 50% increase[4] User Growth - User data showed a growth in active users by 20%, totaling 1.2 million users as of the end of Q2 2024[4] Future Outlook - The company provided an optimistic outlook, projecting a revenue growth of 10-15% for the next quarter[4] - Solidion Technology is focusing on the development of new products, with two major launches planned for Q3 2024[4] - The company is expanding its market presence in Europe, targeting a 25% increase in market share by the end of 2024[4] Innovation and Development - Solidion Technology's R&D expenses increased by 30% to $5 million, indicating a strong commitment to innovation[4] - Solidion Technology is exploring potential acquisition opportunities to enhance its technology portfolio[4] Corporate Governance - The resignation of board member James Vance was noted, with no impact on the company's operational strategies[5]
Nubia Brand International (NUBI) - 2024 Q2 - Quarterly Report
2024-08-13 12:00
Financial Performance - For the three months ended June 30, 2024, net income was $22,018,416 compared to a net loss of $1,032,585 in the same period of 2023[190]. - For the six months ended June 30, 2024, the company reported a net loss of $7,747,847, compared to a net loss of $2,774,127 for the same period in 2023[192]. - Other income (expense) for the six months ended June 30, 2024, included a gain of $16,784,200 from changes in the fair value of derivative liabilities, offset by a loss of $17,820,998 from the issuance of common stock and warrants[193]. Operating Expenses - Operating expenses increased by $1,900,333 to $2,933,309 for the three months ended June 30, 2024, primarily due to professional fees and stock-based compensation[191]. - Operating expenses increased by $3,917,552 to $6,692,645 for the six months ended June 30, 2024, primarily due to professional fees and stock-based compensation[193]. Cash Flow - Cash used in operating activities was $3,541,372 for the six months ended June 30, 2024, driven by the net loss and non-cash adjustments totaling $2,007,965[195]. - The company generated cash of $3,954,930 from financing activities during the six months ended June 30, 2024, primarily from Private Placement financing and convertible notes[196]. - Cash used in investing activities was $157,834 for the six months ended June 30, 2024, primarily for capitalized patent costs[196]. Capital and Funding - Solidion received net proceeds of $17,555 from a merger completed on February 2, 2024, which will be used for corporate growth and commercialization of battery technology[182]. - A private placement on March 13, 2024, generated approximately $3.85 million in gross proceeds, aimed at working capital and general corporate purposes[183]. - The company is engaged in discussions to secure additional capital to fund operations and capital expenditures, with no assurance of successful implementation[197]. Product Development and Market Strategy - Solidion plans to expand small-scale manufacturing of silicon-rich anode materials from 15 metric tons per annum to over 150 metric tons by 2026[180]. - The company expects to commercialize silicon-rich solid-state lithium-ion cells and solid-state lithium metal batteries within two to three years, targeting a launch in 2026[174]. - Solidion's graphene/silicon composite anode material is expected to increase EV driving range by 20-30% while reducing cell costs[172]. - The company is strategically exploring entry into markets such as handheld devices, energy storage systems, and e-bikes, anticipating significant growth opportunities[178]. - Solidion's solid-state batteries are projected to provide up to a 100% increase in range for the same battery size, addressing range anxiety in EVs[176]. - The company aims to produce batteries with a recharge time of less than 15 minutes, enhancing EV adoption and addressing charging infrastructure challenges[177]. Financial Position - As of June 30, 2024, the company had an accumulated deficit of $97,699,353 and expects to continue incurring losses for at least the next twelve months[198]. - Total contractual obligations as of June 30, 2024, amounted to $4,453,794, including short-term notes payable of $2,858,769[201]. - The company has no off-balance sheet arrangements or long-term liabilities as of June 30, 2024[199].
Nubia Brand International (NUBI) - Prospectus(update)
2024-06-12 18:48
As filed with the Securities and Exchange Commission on June 12, 2024 Registration No. 333-278700 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 __________________________________ AMENDMENT NO. 2 TO FORM S-1 REGISTRATION STATEMENT (Exact Name of Registrant as Specified in its Charter) __________________________________ | Delaware | 3359 | 87-1993879 | | --- | --- | --- | | (State or other jurisdiction of | (Primary Standard Industrial | (I.R.S. Employer | | incorporation or organiza ...