Solidion Technology, Inc. (STI) announced the appointment of three new independent directors, Mark Schwartz, Kimi L. Ellen, and Dante W. Robinson, effective August 31, 2026. The appointments expand the company's Board of Directors from four to seven members and resolve a prior compliance issue with Nasdaq listing rules regarding Audit Committee composition.

Key Details

  • Board Expansion: The Board of Directors was increased from four to seven members.
  • New Directors: The newly appointed independent directors are Mark Schwartz (Class I), Kimi L. Ellen (Class II), and Dante W. Robinson (Class III).
  • Nasdaq Compliance: As a result of the appointments, the company has regained compliance with Nasdaq Rule 5605(c)(2)(A), which requires the Audit Committee to have at least three members.
  • Director Compensation: The Board adopted a new compensation plan for non-employee directors, including an annual grant of RSUs valued at $100,000 and quarterly cash compensation for committee service.