Elong Power Holding Limited Announces Pricing of US$7.0 Million Public Offering
Rhea-AI Summary
Elong Power (Nasdaq: ELPW) priced an underwritten public offering of 21,700,000 Units at US$0.3231 per Unit, raising approximately US$7.0 million in gross proceeds. Each Unit includes one Class A ordinary share and one common warrant exercisable for one share.
The Company expects closing on February 27, 2026, may grant a 45-day overallotment for up to 3,255,000 additional shares/warrants, and plans to use proceeds for working capital, sales network expansion, and production capacity upgrades.
Positive
- Gross proceeds of approximately US$7.0 million
- Proceeds earmarked for sales network expansion and hiring
- Planned production and capacity upgrades with new equipment
Negative
- Issuance of 21.7 million Units may cause substantial dilution
- Common warrants allow a zero exercise price option to double shares
- Underwriters granted 45-day option for up to 3.255 million additional shares
News Market Reaction – ELPW
In the Feb 26 session, ELPW declined 54.81%, reflecting a significant negative market reaction. Argus tracked a trough of -67.8% from its starting point during tracking. Our momentum scanner triggered 56 alerts that day, indicating high trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Offering Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Feb 03 | Offering closing | Neutral | +61.1% | Closed US$7.6M unit offering with three-year warrants and resets. |
| Feb 02 | Offering pricing | Neutral | -90.4% | Priced US$7.6M unit offering with resettable common warrants. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent offering-related news produced volatile moves, with an average same-tag reaction of -14.65% across the last two events.
Over the past several months, Elong Power has repeatedly used unit offerings with attached warrants to raise capital, including a US$7.6M deal at US$3.16 per unit in early February 2026. These financings featured resettable warrant terms and zero-cash exercise options. Alongside this, the company executed a 16-for-1 reverse split to address Nasdaq bid-price issues and received deficiency notices in October 2025. Today’s offering pricing continues the pattern of capital raises with warrant-heavy structures following recent registration activity.
Key Terms
underwritten public offering financial
common warrant financial
zero exercise price option financial
firm commitment basis financial
registration statement on F-1 regulatory
prospectus regulatory
U.S. Securities and Exchange Commission regulatory
public offering price financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Each Common Warrant will expire three years from the date of issuance, and is exercisable immediately on the date of issuance at an exercise price of
The Offering is expected to close on February 27, 2026, subject to customary closing conditions. The Company intends to use the proceeds from the Offering for 1) general corporate purposes and working capital, 2) sales network expansion, including the hiring of sale personnel and the development of regional sales channels, and 3) expansion of production and capacity, including new equipment and upgrades to its manufacturing facilities.
The Company has granted the underwriters a 45-day option to purchase up to an additional 3,255,000 Class A Ordinary Shares and/or additional 3,255,000 Common Warrants, at its respective public offering price less underwriting discounts and commissions.
Maxim Group LLC is acting as the exclusive underwriter. Ortoli Rosenstadt LLP is acting as
A registration statement on F-1 (File No. 333-293527) was filed with the
This press release has been prepared for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, and no sale of these securities may be made in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
About Elong Power
Elong Power Holding Limited, a
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 Annual 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.
For investor and media inquiries, please contact:
Elong Power Investor Contact
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SOURCE Elong Power Holding Limited