Nubia Brand International Corp. - NUBIU STOCK NEWS

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Nubia Brand International Corp. (NUBIU) is a special purpose acquisition company (SPAC) based in Dallas, TX. Formed to facilitate mergers, acquisitions, and business combinations, Nubia is focused on partnering with businesses to drive growth and innovation. Recently, Nubia filed a definitive proxy statement for a special meeting to vote on a proposal to merge with Honeycomb Battery Company. The postponed meeting aims to ensure the fulfillment of closing conditions for the business combination.

Nubia's partnership with Honeycomb, a Dayton-based advanced battery technology company formerly the energy solutions division of Global Graphene Group, Inc., reflects a strategic move towards developing battery materials, components, cells, and module/pack technologies. The proposed transaction between Nubia and Honeycomb underlines a commitment to fostering technological advancements and sustainable practices.

02/02/2024 12:52 PM

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Honeycomb Battery Company and Nubia Brand International Corp. Announce Closing of Business Combination

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Honeycomb Battery Company completed a business combination with Nubia Brand International Corp., resulting in the formation of Solidion Technology Inc. Solidion's common stock is expected to begin trading on NASDAQ under the ticker symbol 'STI'. Dr. Bor Jang, Executive Chairman of Solidion, highlighted the company's cost-effective process for mass-manufacturing green graphite anode materials from sustainable biomass sources. Solidion plans to capitalize on the rapidly changing EV battery materials market and expand its battery IP portfolio. Jaymes Winters, CEO of Solidion, expressed confidence in the company's ability to extend its leading industry position.

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01/23/2024 02:10 PM

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NUBIA BRAND INTERNATIONAL CORP. CONFIRMS PRIOR UPDATE ON REDEMPTION REVERSAL REQUESTS IN CONNECTION WITH CLOSING ITS BUSINESS COMBINATION

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Nubia Brand International Corp. confirms it will not accept redemption reversal requests in connection with the business combination with Honeycomb Battery Company. This decision is in line with the details outlined in the definitive proxy statement filed with the SEC on November 8, 2023.

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01/11/2024 02:12 PM

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NUBIA BRAND INTERNATIONAL CORP. PROVIDES UPDATE ON REDEMPTION REVERSAL REQUESTS IN CONNECTION WITH CLOSING ITS BUSINESS COMBINATION

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Nubia Brand International Corp. (Nubia) announced it will not be accepting any requests for redemption reversals in connection with closing the business combination with Honeycomb Battery Company. The decision was made following the definitive proxy statement filed with the SEC on November 8, 2023.

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01/08/2024 08:55 AM

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Nubia Brand International Corp. Provides Update on Closing of the Business Combination with Honeycomb Battery Company

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Nubia Brand International Corp. (Nubia) has announced that the business combination with Honeycomb Battery Company has not yet closed, and the parties are working to satisfy the closing conditions, including obtaining Nasdaq approval. If the combination is not completed by March 15, 2024, Nubia may cease operations and redeem shares issued in its initial public offering.

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12/14/2023 03:19 PM

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Nubia Brand International Corp. Announces Stockholder Approval of Business Combination with Honeycomb Battery Company

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Nubia Brand International Corp. (Nubia) announced the approval of its proposed business combination with Honeycomb Battery Company by its stockholders. At the special meeting, 70.4% of the 6,360,235 Nubia Shares present voted in favor of the Business Combination. Nubia also received requests to redeem 3,896,031 Nubia public shares, representing 99.4% of the total public shares outstanding, with a pro rata redemption value of approximately $10.94 per share. However, the conditions to closing for the Business Combination have not yet been satisfied, and there is no assurance of consummation within the required time period.

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12/13/2023 07:45 AM

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Nubia Brand International Corp. Announces Requests to Redeem Public Shares

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Nubia Brand International Corp. (NASDAQ: NUBI) has received requests to redeem 99.4% of its total public shares, with a pro rata portion of the Trust Account each public share entitled to receive approximately $10.94 upon redemption. Nubia will hold a special meeting of stockholders on December 14, 2023, to approve the proposed business combination with Honeycomb Battery Company and related matters.

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12/11/2023 05:21 PM

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Nubia Brand International Corp. Announces Postponement of Special Meeting of Shareholders to Thursday, December 14, 2023 at 9:00 a.m. EDT

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Nubia Brand Acquisition Corp. (Nubia) filed a definitive proxy statement for a special meeting to vote on a proposal to adopt and approve a merger agreement with Honeycomb Battery Company. The meeting has been postponed to December 14, 2023, to allow additional time to satisfy closing conditions, extending the deadline for share redemption.

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11/30/2023 06:31 PM

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Nubia Brand International Corp. Announces Postponement of Special Meeting of Shareholders to Tuesday, December 12, 2023 at 9:00 a.m. EDT

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Nubia Brand International Corp. (Nubia) (NYSE: NBIC) has filed a definitive proxy statement for a special meeting to vote on a proposal to adopt and approve a merger agreement with Honeycomb Battery Company. The Special Meeting has been postponed until December 12, 2023, to allow for additional time to satisfy closing conditions. The deadline for the submission of public shares of Nubia Class A common stock for redemption has been extended to December 8, 2023.

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11/21/2023 05:36 PM

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Nubia Brand International Corp. Announces Postponement of Special Meeting of Shareholders

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Nubia Brand Acquisition Corp. (Nubia) filed a definitive proxy statement for a special meeting to vote on a proposal to adopt and approve a Merger Agreement with Honeycomb Battery Company. The meeting has been postponed to December 5, 2023, to allow for additional time to satisfy closing conditions.

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03/17/2023 12:31 AM

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Nubia Brand International Corp. Confirms Funding and Extension of Deadline to Complete Initial Business Combination

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Nubia Brand International Corp. (Nasdaq: NUBI) announced a $1,235,000 extension payment from its sponsor, Mach FM Acquisitions LLC, allowing the company to prolong its deadline for completing a business combination with Honeycomb Battery Co. from March 15, 2023, to June 15, 2023. This extension provides Nubia with more time to finalize its merger with the advanced battery technology firm, which focuses on battery materials and components. The loan from the Sponsor is convertible into warrants identical to private placement warrants from the initial public offering. Nubia emphasizes the importance of reading forthcoming proxy materials for detailed transaction information.

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FAQ

What is Nubia Brand International Corp.?

Nubia Brand International Corp. (NUBIU) is a special purpose acquisition company (SPAC) headquartered in Dallas, TX.

What is the recent filing by Nubia?

Nubia recently filed a definitive proxy statement for a special meeting to vote on a proposal to merge with Honeycomb Battery Company.

Who is Honeycomb Battery Company?

Honeycomb, the energy solutions division of Global Graphene Group, Inc., is an advanced battery technology company based in Dayton, Ohio, USA.

What is the purpose of the postponed Special Meeting?

The purpose of the postponed Special Meeting is to allow Nubia and Honeycomb additional time to satisfy certain closing conditions for the proposed business combination.

What does the partnership with Honeycomb signify for Nubia?

The partnership with Honeycomb reflects Nubia's strategic focus on developing battery materials, components, cells, and module/pack technologies for the advancement of sustainable practices.

How does Nubia aim to drive growth and innovation?

Nubia aims to drive growth and innovation through mergers, acquisitions, and business combinations with partners to foster technological advancements.

What does the business combination with Honeycomb entail?

The business combination with Honeycomb signifies a joint effort to leverage advanced battery technology and sustainable solutions for future developments.

What is the significance of Nubia's focus on battery technology?

Nubia's focus on battery technology signifies a commitment to sustainable practices and technological advancements in the energy sector.

What is the role of Nubia in facilitating the merger with Honeycomb?

Nubia plays a key role in facilitating the merger with Honeycomb, acting as a special purpose acquisition company (SPAC) focused on driving growth and innovation through strategic partnerships.

How can investors stay informed about Nubia's developments?

Investors can stay informed about Nubia's developments by following updates on the proposed business combination with Honeycomb and staying abreast of the latest news and filings related to the company's operations.