Solidion records first revenue, secures $4-6M sales MOU and three government grants

Filed May 20, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 21, 2025 · ~1 min read

Key Changes

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  Company recorded first-ever revenue of $85K in Q1 2026, marking initial commercialization after years of R&D-only operations. Gross margin exceeded 98% on this initial sale.

  MD&A: Revenue Recognition verify on EDGAR →
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  Non-binding MOU signed with energy storage systems manufacturer could generate $4-6M in revenue over next 12 months if converted to definitive agreement, though execution risk remains.

  MD&A: MOU for Energy Storage verify on EDGAR →
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  Three U.S. government grants awarded from DOE and U.S. Army for graphite R&D, nuclear reactor materials, and fiber-based battery systems, providing non-dilutive funding and technology validation.

  MD&A: Government Grants verify on EDGAR →