Elong Power Holding Limited Announces Pricing of US$1.38 Million Public Offering

Rhea-AI Summary

Elong Power Holding Limited (Nasdaq: ELPW) has priced a registered public offering of 11,466,666 Units on a best efforts basis at US$0.12 per Unit, for expected aggregate gross proceeds of approximately US$1.38 million before fees and expenses.

Each Unit consists of one Class A ordinary share (or pre-funded warrant) and one common warrant to purchase one Class A ordinary share. The common warrants are immediately exercisable at US$0.12 per share, include customary anti-dilution adjustments, and expire three years from issuance. Closing is expected on August 4, 2026, subject to customary conditions. According to Elong Power, net proceeds will be used for working capital, general corporate purposes, product iteration and development, and production capacity expansion.

Positive

• US$1.38 million expected gross proceeds to fund operations and growth
• Unit price set at US$0.12 with immediately exercisable warrants
• Proceeds earmarked for product development and capacity expansion

Negative

• Offering of 11,466,666 Units increases potential share count
• Common warrants exercisable at US$0.12 for three years may add more shares

News Explained

The priced financing is not closed, but disclosed share issuance and warrant exercise can reduce existing holders’ percentage ownership.

The offering is priced but not yet closed; if completed, it can add the offered Class A shares, or shares from exercised pre-funded warrants, plus any shares issued on common-warrant exercise, reducing existing holders’ percentage ownership.

Platform records list two earlier public-offering pricing announcements: US$6.0 million on May 15, 2026 and US$6.6 million on July 10, 2026, with closings reported on May 18, 2026 and July 13, 2026.

Sources and calculations

• Elong Power Holding Limited Announces Pricing of US$1.38 Million Public Offering (2026-08-03)
• Dilution (undated)
• Pre-funded warrant (undated)
• Elong Power Holding Limited Announces Pricing of US$6.6 Million Public Offering (2026-07-10)
• Elong Power Holding Limited Announces Closing of US$6.6 Million Public Offering (2026-07-13)
• Elong Power Holding Limited Announces Pricing of US$6.0 Million Public Offering (2026-05-15)
• Elong Power Holding Limited Announces Closing of US$6.0 Million Public Offering (2026-05-18)

Market reaction after public offering pricing: ELPW -40.13% in the Aug 3 session

-40.13% 20.1x vol

123 alerts

-40.13% Session close to close

+23.2% Peak Tracked

-58.0% Trough Tracked

$5.24M Market Cap

20.1x Rel. Volume

In the Aug 3 session, ELPW declined 40.13%, reflecting a significant negative market reaction. Argus tracked a peak move of +23.2% during that session. Argus tracked a trough of -58.0% from its starting point during tracking. Our momentum scanner triggered 123 alerts that day, indicating very high trading interest and price volatility. Trading volume was exceptionally heavy at 20.1x the daily average, suggesting significant selling pressure.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock dropped -40.1% in the session following this news. The prior offering-pricing event record...

Analysis

The stock dropped -40.1% in the session following this news. The prior offering-pricing event recorded a -47% 24-hour reaction, providing a direct historical comparison for this financing announcement. Moderate short positioning was an additional sourced volatility risk.

Key Figures

Units offered: 11,466,666 units Offering price: US$0.12 per Unit Gross proceeds: US$1.38 million +4 more

7 metrics

Units offered 11,466,666 units Registered public offering

Offering price US$0.12 per Unit Public offering pricing

Gross proceeds US$1.38 million Before placement agent fees and offering-related expenses

Warrant exercise price US$0.12 Immediately exercisable Common Warrants

Share par value US$0.0128 per share Class A ordinary shares

Expected closing date August 4, 2026 Subject to customary closing conditions

F-1 effective date July 28, 2026 Registration Statement on Form F-1

Previous Offering Reports

5 past events · Latest: Jul 13 (Negative)

Same Type Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jul 13	Offering closing	Negative	-18.6%	Public offering closed with units, warrants, and approximately US$6.6 million gross proceeds.
Jul 10	Offering pricing	Negative	-47.0%	Public offering priced with units, warrants, and expected approximately US$6.6 million gross proceeds.
May 18	Offering closing	Negative	-3.6%	Public offering closed with approximately US$6.0 million in gross proceeds.
May 15	Offering pricing	Negative	-51.0%	Public offering priced at US$1.30 per unit for expected approximately US$6.0 million proceeds.
Feb 27	Offering closing	Negative	-16.9%	Underwritten offering closed with approximately US$7.0 million in gross proceeds.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

The five offering-tagged historical events all showed negative 24-hour reactions, averaging -27.42%.

Key Terms

best efforts, pre-funded warrant, common warrant, anti-dilution adjustments, +1 more

5 terms

best efforts financial

"pricing of its registered offering of 11,466,666 units"

A contractual promise to make a genuine, diligent effort to achieve a specified result without guaranteeing the outcome. For investors, it means a counterparty (for example, an underwriter or service provider) must work hard to deliver an outcome but is not legally required to produce a specific result, so the investor retains some risk; think of it like hiring someone to try their hardest to sell your house rather than promising they will sell it.

pre-funded warrant financial

"or pre-funded warrant in lieu thereof"

A pre-funded warrant is a financial instrument that gives the holder the right to buy shares of a company's stock at a set price, with most of the purchase cost already paid upfront. It functions like a nearly fully paid option, allowing investors to secure shares quickly while minimizing the amount of additional money they need to invest later. This helps investors gain ownership rights efficiently, often used to avoid certain regulatory restrictions or to prepare for future stock purchases.

common warrant financial

"and one common warrant to purchase one Class A ordinary share"

A common warrant is a tradable security that gives its holder the right to buy a company’s common shares at a preset price for a limited time. It matters to investors because exercising warrants can dilute existing ownership and create leverage: holders can benefit if the stock rises above the preset price, while holders of original shares face potential reduction in their percentage stake, similar to more tickets being added to a raffle.

anti-dilution adjustments financial

"subject to customary anti-dilution adjustments"

Anti-dilution adjustments are changes made to the ownership stakes or value of an investment to protect investors from having their shares become less valuable if the company issues new shares at a lower price. Imagine buying a piece of a pie, and then the pie is cut into more slices without increasing in size—these adjustments help ensure your slice still retains its worth. They matter to investors because they help preserve the value of their investment when the company’s share price drops.

form f-1 regulatory

"Registration Statement on Form F-1"

A Form F-1 is the document a non-U.S. company files with U.S. regulators when it wants to sell stock or other securities to U.S. investors. It lays out the company’s business, finances, risks and how the offering will work, acting like a product manual and ingredient list so investors can judge what they’re buying. For investors, it’s a key source of verified information used to compare opportunities and assess potential reward and risk.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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BEIJING, Aug. 3, 2026 /PRNewswire/ -- Elong Power Holding Limited (Nasdaq: ELPW) ("Elong Power" or the "Company"), a comprehensive provider dedicated to the R&D, sales and scenario-oriented system solutions of lithium-ion battery energy storage systems, today announced the pricing of its registered offering of 11,466,666 units (each, a "Unit"), on a best efforts basis, at an offering price of US$0.12 per Unit (the "Offering").

Each Unit consists of one Class A ordinary share of the Company (or pre-funded warrant in lieu thereof), with a par value of US$0.0128 per share, and one common warrant to purchase one Class A ordinary share of the Company (the "Common Warrant"). The aggregate gross proceeds from the Offering are expected to be approximately US$1.38 million, prior to deducting placement agent fees, legal fees, administrative and other offering-related expenses.

Each Common Warrant will be immediately exercisable upon issuance at an initial exercise price of US$0.12, which is equal to the public offering price per Unit. The warrant exercise price is subject to customary anti-dilution adjustments in connection with share splits, share combinations, dividend distributions, subsequent equity sale and other corporate restructurings. The warrants will expire on the third anniversary of the issuance date.

The closing of the Offering is currently expected to take place on August 4, 2026, subject to the satisfaction of customary closing conditions set forth in the Securities Purchase Agreements and related transaction documents. The Company intends to use the net proceeds from the Offering for working capital requirements, general corporate purposes, as well as further product iteration & development and production capacity expansion.

Maxim Group LLC is acting as the sole placement agent for the Offering. Ortoli Rosenstadt LLP is acting as U.S. securities counsel to the Company, and Pryor Cashman LLP is acting as U.S. securities counsel to the placement agent, in connection with the Offering.

The Company's Registration Statement on Form F-1 (File No. 333-297612) was filed with the U.S. Securities and Exchange Commission (SEC) and declared effective on July 28, 2026. The Offering is being made exclusively by means of a prospectus contained within the effective F-1 registration statement, copies of which may be obtained by contacting Maxim Group LLC, at 300 Park Avenue, 16th Floor, New York, NY 10022, attention: Syndicate Department, or by telephone at (212) 895-3745 or by email at syndicate@maximgrp.com. Copies of the registration statement can be accessed through the SEC website at www.sec.gov.

This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. No offering, sale or solicitation shall be permitted in any jurisdiction where such offering or sale would be unlawful prior to registration, exemption or qualification under the local securities laws of such jurisdiction.

About Elong Power

Elong Power Holding Limited is an exempted company incorporated under the laws of the Cayman Islands. Adhering to its development strategy of "Asset-Light, R&D-Intensive, AI + Energy Storage, Global Scenario Layout", the Company focuses on lithium battery energy storage system core business, with strategic layout covering overseas residential & commercial and industrial (C&I) energy storage, as well as grid-side energy storage in China. The Company is committed to delivering high-reliability, cost-effective and intelligent energy storage system solutions to global customers. Elong Power is chaired and led by Ms. Xiaodan Liu as Chief Executive Officer.

Forward-looking Statements

This press release contains 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. These forward-looking statements are subject to substantial risks and uncertainties that may cause actual results, performance or achievements to differ materially from those expressed or implied, including without limitation: the Company's ability to complete the Offering in accordance with the expected timeline and terms; satisfaction of closing conditions; the planned use and actual deployment of net proceeds; adverse changes in global market conditions and capital market sentiment; risks relating to the Company's business strategy adjustment and asset optimization; the ability to maintain the Company's Nasdaq listing status; changes in industry policies and regulatory rules; future capital financing needs; and other risk factors disclosed in the Company's periodic filings and subsequent submissions with the SEC, including its Annual Report on Form 20-F. All forward-looking statements speak only as of the date of this press release, and the Company undertakes no obligation to publicly update or revise any forward-looking statements except as required by applicable law.

Investor & Media Contact

Elong Power Investor Relations
Email: ir@elongpower.com

View original content:https://www.prnewswire.com/news-releases/elong-power-holding-limited-announces-pricing-of-us1-38-million-public-offering-302841173.html

SOURCE Elong Power Holding Limited

FAQ

What did Elong Power (Nasdaq: ELPW) announce on August 3, 2026 about its public offering?

Elong Power announced pricing of a registered offering of 11,466,666 Units at US$0.12 per Unit. According to Elong Power, the offering is expected to raise about US$1.38 million in gross proceeds before fees and expenses.

What are the terms of the Elong Power (ELPW) US$1.38 million Unit offering?

Each Unit in the Elong Power offering includes one Class A ordinary share (or pre-funded warrant) and one common warrant. According to Elong Power, the common warrants are immediately exercisable at US$0.12 and expire three years from the issuance date.

When is the closing date for Elong Power’s (ELPW) August 2026 public offering?

The closing of Elong Power’s offering is currently expected on August 4, 2026, subject to customary closing conditions. According to Elong Power, these conditions are set forth in the Securities Purchase Agreements and related transaction documents.

How will Elong Power (ELPW) use the net proceeds from its US$1.38 million offering?

Elong Power plans to use net proceeds for working capital, general corporate purposes, product iteration and development, and production capacity expansion. According to Elong Power, these uses support its lithium-ion battery energy storage system business.

What is the exercise price and duration of Elong Power’s common warrants in the ELPW offering?

The common warrants have an initial exercise price of US$0.12 per share and are immediately exercisable. According to Elong Power, the warrants include customary anti-dilution adjustments and will expire on the third anniversary of the issuance date.

Who is the placement agent for Elong Power’s (ELPW) August 2026 public offering?

Maxim Group is acting as the sole placement agent for Elong Power’s registered Unit offering. According to Elong Power, Ortoli Rosenstadt is U.S. securities counsel to the company and Pryor Cashman advises the placement agent.