Elong Power Holding Limited Announces Pricing of US$6.0 Million Public Offering

Elong Power (Nasdaq: ELPW) priced a registered public offering of 4,615,500 Units at US$1.30 per Unit, for expected gross proceeds of about US$6.0 million before expenses.

Rhea-AI Summary

Elong Power (Nasdaq: ELPW) priced a registered public offering of 4,615,500 Units at US$1.30 per Unit, for expected gross proceeds of about US$6.0 million before expenses.

Each Unit includes one Class A ordinary share (or pre-funded warrant) and one common warrant. Closing is expected on May 18, 2026. Proceeds will fund working capital, general purposes, product development and capacity expansion.

Positive

• Registered public offering of 4,615,500 Units at US$1.30 each
• Expected gross proceeds of approximately US$6.0 million before expenses
• Use of proceeds includes working capital and general corporate purposes
• Funds allocated to further product iteration, development and capacity expansion

Negative

• Each Unit includes a common warrant equal to one Class A share
• Common warrants exercisable at US$1.30 and expiring three years after issuance

Argus May 15 session

-51.03% close to close Open Argus

Details

News Market Reaction – ELPW

On May 15, the day this news came out, ELPW closed 51.03% below the previous close.

Data tracked by StockTitan Argus for the May 15 session.

Market Context

On May 15, the day this news came out, the stock closed 51.0% below the previous close. The decline ...

Analysis

On May 15, the day this news came out, the stock closed 51.0% below the previous close. The decline reflects past patterns in which Elong Power’s equity offerings often preceded sharp selloffs, including prior one‑day moves of -54.81% and -90.39%. Today’s -30.96% reaction to a US$6.0M unit deal with attached warrants fits that history and underscores investor sensitivity to dilution. Repeated financings and reported net losses in 2023–2025 may continue to frame how new capital raises are perceived.

Key Figures

Offering size: 4,615,500 Units Offering price: US$1.30 per Unit Gross proceeds: US$6.0 million +5 more

Offering size

4,615,500 Units

Current public offering on a best efforts basis

Offering price

US$1.30 per Unit

Pricing of current public offering

Gross proceeds

US$6.0 million

Expected aggregate gross proceeds before expenses

Warrant exercise price

US$1.30

Initial exercise price per common warrant

Par value

US$0.0128 per share

Par value of each Class A ordinary share in Unit

2023 net loss

$7.4 million

Net loss reported in 2023 (Form 20-F)

2024 net loss

$30.1 million

Net loss reported in 2024 (Form 20-F)

2025 net loss

$5.6 million

Net loss reported in 2025 (Form 20-F)

Previous Offering Reports

4 past events · Latest: Feb 27

Same Type 4 events

1. Feb 27

   Offering closing

   24h Move

   -16.9%

   Closed US$7.0M unit offering with common warrants and immediate exercisability.

2. Feb 26

   Offering pricing

   24h Move

   -54.8%

   Priced US$7.0M public unit offering with attached common warrants.

3. Feb 03

   Offering closing

   24h Move

   +61.1%

   Closed US$7.6M unit offering at US$3.16 per Unit with three‑year warrants.

4. Feb 02

   Offering pricing

   24h Move

   -90.4%

   Priced US$7.6M unit offering with resettable three‑year common warrants.

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

Key Terms

pre-funded warrant, common warrant, par value, anti-dilution adjustments, +4 more

8 terms

pre-funded warrant financial

"one Class A ordinary share of the Company (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 of the Company"

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.

par value financial

"with a par value of US$0.0128 per share, and one common warrant"

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.

anti-dilution adjustments financial

"warrant exercise price is subject to customary anti-dilution adjustments in connection"

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.

Securities Purchase Agreements regulatory

"subject to the satisfaction of customary closing conditions set forth in the Securities Purchase Agreements"

A securities purchase agreement is a legal contract that spells out the terms when a company sells stocks, bonds, or other investment instruments to buyers. It lays out price, how many securities change hands, any promises or protections for each side, and when the sale is completed—like a detailed sales contract for investments. Investors care because it determines ownership stakes, potential dilution, rights attached to the securities, and conditions that affect the company’s future value.

Registration Statement on Form F-1 regulatory

"The Company's Registration Statement on Form F-1 (File No. 333-295783) was filed"

A registration statement on Form F-1 is a legal document companies file with regulators to offer their shares to investors in a foreign country or market. It provides essential information about the company's business, finances, and risks, helping investors make informed decisions about whether to buy its stock. This process ensures transparency and protects investors by making company details publicly available before trading begins.

prospectus regulatory

"The Offering is being made exclusively by means of a prospectus contained within"

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

placement agent financial

"Maxim Group LLC is acting as the sole placement agent for the Offering."

A placement agent is a professional or firm that helps organizations raise money from investors, such as individuals, institutions, or funds. They act like matchmakers, connecting those seeking investments with the right investors and guiding the process to ensure successful funding. For investors, they can provide access to exclusive opportunities and help navigate complex fundraising efforts.

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

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BEIJING, May 15, 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 4,615,500 units (each, a "Unit"), on a best efforts basis, at an offering price of US$1.30 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$6.0 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$1.30, 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 May 18, 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. 333-295783) was filed with the U.S. Securities and Exchange Commission (SEC) and declared effective on May 14, 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

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SOURCE Elong Power Holding Limited

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What are the key terms of Elong Power (NASDAQ: ELPW) May 2026 public offering?

Elong Power priced 4,615,500 Units at US$1.30 each, targeting about US$6.0 million in gross proceeds. According to Elong Power, each Unit includes one Class A ordinary share (or pre-funded warrant) and one common warrant.

How much capital will Elong Power (ELPW) raise in the May 2026 offering?

Elong Power expects gross proceeds of approximately US$6.0 million from the offering. According to Elong Power, this figure is before deducting placement agent fees, legal fees, administrative costs and other offering-related expenses.

What securities are included in each Elong Power (ELPW) Unit priced on May 15, 2026?

Each Unit includes one Class A ordinary share or a pre-funded warrant, plus one common warrant. According to Elong Power, the common warrant allows purchase of one Class A share at US$1.30, equal to the Unit’s public offering price.

When is the expected closing date of Elong Power (ELPW) US$6.0 million offering?

The offering’s closing is currently expected on May 18, 2026, subject to customary conditions. According to Elong Power, completion depends on conditions in the Securities Purchase Agreements and related transaction documents being satisfied.

How will Elong Power (NASDAQ: ELPW) use the proceeds from its May 2026 offering?

Elong Power plans to use net proceeds for working capital and general corporate purposes. According to Elong Power, funds will also support further product iteration, development activities and expansion of production capacity for its energy storage systems.

What are the exercise terms of Elong Power (ELPW) common warrants issued in the offering?

The common warrants are immediately exercisable at US$1.30 per share, matching the Unit price. According to Elong Power, the warrants feature customary anti-dilution adjustments and will expire on the third anniversary of their issuance date.

Who is acting as placement agent for Elong Power (ELPW) May 2026 public offering?

Maxim Group is serving as sole placement agent for the Elong Power offering. According to Elong Power, Ortoli Rosenstadt advises the company as U.S. securities counsel, while Pryor Cashman advises the placement agent on U.S. securities matters.