Solidion Technology (NASDAQ:STI) has restructured a $4M equity deal, reducing dilution and boosting shareholder value, it said on Wednesday, pushing shares higher in morning trade.

This strategic restructuring eliminates potential dilution of up to 3.4 million pre-funded warrants, which the company believes will significantly enhance shareholder value and position the company to move forward with a large strategic investor that is vested in the long-term vision of the company.