Elong Power Holding Limited Announces Effective Date of Reverse Stock Split

Rhea-AI Summary

Elong Power (Nasdaq: ELPW) announced a 16-for-1 reverse stock split, approved by shareholders on November 24, 2025. The split will combine every 16 issued and outstanding Class A ordinary shares into one share, reducing outstanding shares from approximately 61.3 million to approximately 3.8 million.

Class A shares will begin trading on an adjusted basis on December 26, 2026 under the existing ticker ELPW; the new CUSIP is G3016G111. The company amended its memorandum to proportionately reduce authorized shares and set the post-split par value at $0.00016 per share. Warrants and options will be adjusted proportionately; fractional shares will be rounded up. The reverse split is intended to meet Nasdaq's $1.00 minimum bid-price listing requirement.

Positive

• Reverse split ratio set at 16-for-1
• Outstanding shares reduced from ~61.3M to ~3.8M
• Adjusted par value set to $0.00016 per share

Negative

• Effective trading adjustment scheduled for December 26, 2026
• Reverse split required to meet Nasdaq $1.00 minimum bid-price standard

News Market Reaction

-23.15% 8.2x vol

23 alerts

-23.15% News Effect

+10.3% Peak Tracked

-17.7% Trough Tracked

-$4M Valuation Impact

$12M Market Cap

8.2x Rel. Volume

On the day this news was published, ELPW declined 23.15%, reflecting a significant negative market reaction. Argus tracked a peak move of +10.3% during that session. Argus tracked a trough of -17.7% from its starting point during tracking. Our momentum scanner triggered 23 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $4M from the company's valuation, bringing the market cap to $12M at that time. Trading volume was exceptionally heavy at 8.2x the daily average, suggesting significant selling pressure.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Reverse split ratio: 16-for-1 Pre-split shares: 61.3 million Post-split shares: 3.8 million +5 more

8 metrics

Reverse split ratio 16-for-1 Class A ordinary shares consolidation

Pre-split shares 61.3 million Issued and outstanding Class A ordinary shares before reverse split

Post-split shares 3.8 million Issued and outstanding Class A ordinary shares after reverse split

Par value $0.00016 per share Par value of post-reverse-split ordinary shares

Nasdaq minimum bid $1.00 per share Minimum bid price requirement for Nasdaq Capital Market listing

Pre-news price $0.178 Last recorded price before reverse split effective date announcement

52-week high $8.075 52-week high before the announcement

52-week low $0.1455 52-week low before the announcement

Market Reality Check

Price: $1.45 Vol: Volume 235,409 vs 20-day ...

normal vol

$1.45 Last Close

Volume Volume 235,409 vs 20-day average 324,934 ahead of the reverse split announcement. normal

Technical Shares traded below the 200-day MA before the news: price 0.178 vs MA(200) 1.47.

Peers on Argus

No peer stocks with recorded momentum or same-day headlines, suggesting this rev...

No peer stocks with recorded momentum or same-day headlines, suggesting this reverse split is stock-specific rather than part of a sector move.

Historical Context

3 past events · Latest: Oct 09 (Negative)

Pattern 3 events

Date	Event	Sentiment	Move	Catalyst
Oct 09	Nasdaq non-compliance	Negative	-18.0%	Nasdaq notification of deficiencies in bid price and market value listing rules.
Jul 14	Filing non-compliance	Negative	+0.0%	Nasdaq notice for late Form 20-F filing and potential delisting risk.
Jul 08	Strategic cooperation deal	Positive	+9.1%	Non-binding strategic cooperation with Indonesia’s BPKN on solar-plus-storage projects.

Pattern Detected

Nasdaq non-compliance notices previously coincided with downside or flat trading, while strategic partnership news saw a positive price reaction.

Recent Company History

Over the last few months, Elong Power has faced multiple Nasdaq compliance issues and one strategic partnership update. On Jul 8, 2025, a non-binding cooperation agreement tied to at least $1 billion in planned investments was followed by a 9.09% gain. Later, Nasdaq non-compliance letters on Jul 14, 2025 and Oct 9, 2025 focused on filing delays and listing standards; the October notice aligned with a -17.98% move. The new reverse split announcement fits into this broader effort to address listing requirements.

Market Pulse Summary

The stock dropped -23.1% in the session following this news. A negative reaction despite the complia...

Analysis

The stock dropped -23.1% in the session following this news. A negative reaction despite the compliance-focused action fits a pattern where investors viewed Nasdaq notices and related steps cautiously. The 16-for-1 reverse split reduces outstanding shares from 61.3 million to 3.8 million to target the $1.00 minimum bid price. Given earlier downside after non-compliance notices, skepticism about long-term fundamentals or future capital structure changes could have amplified selling pressure.

Key Terms

reverse stock split, cusip, memorandum of association, par value, +4 more

8 terms

reverse stock split financial

"announced that it has resolved to effect a reverse stock split of the Company's"

A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.

cusip financial

"The new CUSIP number for the Company's Class A ordinary shares will be G3016G111."

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

memorandum of association regulatory

"the Company also amended its Memorandum of Association to proportionately reduce"

A memorandum of association is a foundational legal document that creates a company and sets out its basic identity and powers — such as its name, purpose, share structure and the extent of owners’ liability. For investors it matters because it defines who can own what, what the company is allowed to do, and the limits on shareholder rights and protections; think of it as the company’s birth certificate and rulebook that affects ownership, risk and governance.

par value financial

"and to adjust the par value of the post-reverse stock split ordinary shares"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

warrants financial

"In addition, outstanding warrants and options will be adjusted on a proportionate"

Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.

options financial

"In addition, outstanding warrants and options will be adjusted on a proportionate"

Options are contracts that give investors the right to buy or sell an asset at a specific price within a certain time frame. They function like a reservation or a ticket that allows for potential profit or protection against price changes, making them useful tools for managing investment risks or speculating on market movements.

minimum bid price regulatory

"to bring its stock into compliance with the minimum bid price requirement"

The minimum bid price is the lowest share price that a market, regulator, or specific offering will accept for a trade, listing, or auction—think of it as a reserve or floor that a stock must meet to qualify for certain actions. It matters to investors because falling below that floor can limit trading options, trigger compliance measures or delisting risks, and affect liquidity and the perceived value of a holding, much like a reserve price in an auction sets the baseline for a sale.

nasdaq capital market regulatory

"requirement for maintaining the listing of its Common Stock on the Nasdaq Capital Market."

The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.

AI-generated analysis. Not financial advice.

BEIJING, Dec. 23, 2025 /PRNewswire/ -- Elong Power Holding Limited ("Elong Power" or the "Company") (Nasdaq: ELPW), a provider of high power battery technologies for commercial and specialty alternative energy vehicles and energy storage systems, today announced that it has resolved to effect a reverse stock split of the Company's ordinary shares, with the split ratio set at 16-for-1. The reverse stock split was approved by the Company's shareholders at a special meeting held on November 24, 2025. Elong Power's Class A ordinary shares will begin trading on an adjusted basis, reflecting the reverse stock split, on December 26, 2026, under the existing ticker symbol "ELPW." The new CUSIP number for the Company's Class A ordinary shares will be G3016G111.

Upon the effectiveness of the reverse stock split, every sixteen shares of the Company's issued and outstanding Class A ordinary shares as of the effective date will automatically be combined into one Class A ordinary share. This adjustment will reduce the total number of outstanding ordinary shares of Elong Power from approximately 61.3 million to approximately 3.8 million.

In conjunction with the reverse stock split, the Company also amended its Memorandum of Association to proportionately reduce the number of authorized shares for issuance and to adjust the par value of the post-reverse stock split ordinary shares to $0.00016 per share.

The reverse stock split is part of the Company's efforts to bring its stock into compliance with the minimum bid price requirement for maintaining the listing of its Common Stock on the Nasdaq Capital Market. Nasdaq requires listed companies to maintain a minimum bid price of at least $1.00 per share to remain in compliance with its listing standards.

In addition, outstanding warrants and options will be adjusted on a proportionate basis or pursuant to the terms of such warrants and options in accordance with the reverse stock split. No fractional shares will be issued; instead, shareholders who would otherwise be entitled to a fractional share will have their entitlement rounded up to the nearest whole share.

Further details regarding the reverse stock split and the associated changes to the Company's share capital can be found in Elong Power's notice of annual general meeting, filed with the Securities and Exchange Commission on November 3, 2025.

About Elong Power

Elong Power Holding Limited, a Cayman Islands exempted company, is committed to the research and development, manufacturing, sales and service of high-power lithium-ion batteries for electric vehicles and construction machinery, as well as large-capacity, long-cycle lithium-ion batteries for energy storage systems. Elong Power is led by Ms. Xiaodan Liu, Elong Power's Chairwoman and CEO.

Elong Power has a comprehensive product and technology system that includes battery cells, modules, system integration, and battery management system development, based on high-power lithium-ion batteries and battery system products for long-cycle energy storage devices. Elong Power offers advanced energy applications and full life cycle services. Its product portfolio includes products utilizing lithium manganese oxide and lithium iron phosphate, among others, to meet the needs of high-power applications and energy storage applications in various scenarios.

Forward-looking Statements

This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements regarding the benefits of the transaction, the anticipated timing of the transaction, the products offered by Elong Power and the markets in which it operates, and Elong Power's projected future results. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including, but not limited to: the ability of Elong Power to maintain the listing of its securities on Nasdaq; the fact that the price of Elong Power's securities may be volatile due to a variety of factors, including changes in the competitive and highly regulated industries in which Elong Power operates; variations in performance across competitors; changes in laws and regulations affecting Elong Power's business and changes in its capital structure; the ability to implement business plans, meet forecasts and other expectations; its need for substantial additional funds; the parties' dependence on third-party suppliers; risks relating to the results of research and development activities, market and other conditions; its ability to attract, integrate, and retain key personnel; risks related to its growth strategy; risks related to patent and intellectual property matters; and the ability to obtain, perform under and maintain financing and strategic agreements and relationships. Accordingly, these forward-looking statements do not constitute guarantees of future performance, and you are cautioned not to place undue reliance on these forward-looking statements. Risks regarding Elong Power's business are described in detail in Elong Power's SEC filings which are available on the SEC's website at www.sec.gov, including in Elong Power's Shell Company Report on Form 20-F and Elong Power's subsequent filings with the SEC. These forward-looking statements speak only as of the date hereof, and Elong Power expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions, or circumstances on which any such statement is based, except as required by law.

Elong Power Investor Contact
ir@elongpower.com 

View original content:https://www.prnewswire.com/news-releases/elong-power-holding-limited-announces-effective-date-of-reverse-stock-split-302647818.html

SOURCE Elong Power Holding Limited

FAQ

What is the reverse stock split ratio for Elong Power (ELPW)?

Elong Power approved a 16-for-1 reverse stock split, combining every 16 Class A shares into one share.

When will Elong Power (ELPW) begin trading on an adjusted basis after the reverse split?

Class A ordinary shares will begin trading on an adjusted basis on December 26, 2026 under the existing ticker ELPW.

How many shares will Elong Power (ELPW) have outstanding after the reverse split?

Outstanding shares will be reduced from approximately 61.3 million to approximately 3.8 million after the split.

Why did Elong Power (ELPW) implement the reverse stock split?

The company said the reverse split is intended to bring its stock into compliance with Nasdaq's $1.00 minimum bid-price listing requirement.

Will Elong Power (ELPW) change its ticker or CUSIP after the split?

The ticker remains ELPW; the new CUSIP for Class A ordinary shares will be G3016G111.

How will Elong Power (ELPW) handle fractional shares from the reverse split?

No fractional shares will be issued; entitlements that would create fractions will be rounded up to the nearest whole share.

What happens to Elong Power (ELPW) warrants and options after the split?

Outstanding warrants and options will be adjusted proportionately or according to their specific terms to reflect the 16-for-1 split.