Elong Power Holding Limited Announces the Change of Effective Date of its 1 for 80 Share Consolidations
Rhea-AI Summary
Elong Power Holding (Nasdaq: ELPW) announced a 1-for-80 reverse share consolidation, now effective at the open of Nasdaq on March 12, 2026. The consolidation reduces issued and outstanding shares from approximately 63 million to approximately 0.79 million and changes the CUSIP to G3016G129.
The board approved the reverse split on March 5, 2026 under prior shareholder authorization (accumulative consolidation cap 4000:1, two-year window). The consolidation aims to maintain compliance with Nasdaq Listing Rule 5810(c)(3)(A)(iii) requiring a closing bid above $0.10. Authorized shares will be proportionally reduced.
Positive
- Enables compliance with Nasdaq Listing Rule 5810(c)(3)(A)(iii)
- Issued and outstanding shares reduced from ~63M to ~0.79M
- Trading continues under symbol ELPW with a new CUSIP G3016G129
Negative
- Authorized shares will be proportionally reduced, which may limit future equity issuance flexibility
- Effective date change to March 12, 2026 could affect timing for shareholders planning transactions
News Market Reaction – ELPW
On the day this news was published, ELPW declined 43.89%, reflecting a significant negative market reaction. Argus tracked a trough of -57.3% from its starting point during tracking. Our momentum scanner triggered 31 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $780K from the company's valuation, bringing the market cap to $997,264 at that time. Trading volume was above average at 1.8x the daily average, suggesting increased trading activity.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
No peers are flagged in momentum or headline data, so the reaction appears stock-specific to ELPW’s 1-for-80 share consolidation and capital actions.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 27 | Unit offering closed | Negative | -16.9% | Closed US$7.0M underwritten unit offering with common warrants and resets. |
| Feb 26 | Unit offering priced | Negative | -54.8% | Priced US$7.0M unit offering with share and warrant package for funding. |
| Feb 03 | US$7.6M offering closed | Negative | +61.1% | Closed US$7.6M unit deal with immediate exercisable three‑year warrants. |
| Feb 02 | US$7.6M offering priced | Negative | -90.4% | Priced US$7.6M unit offering featuring price‑reset and zero‑cost warrants. |
| Dec 23 | 16-for-1 reverse split | Negative | -23.1% | Announced 16‑for‑1 reverse split to boost price and cut share count. |
Recent financings and prior reverse split news were typically followed by sharp moves, mostly negative on offering announcements.
Over the last few months, Elong Power repeatedly tapped equity markets via unit offerings, raising about US$7.6 million on February 3, 2026 and US$7.0 million on February 27, 2026. These deals included common warrants with reset and zero‑exercise features. A prior 16‑for‑1 reverse split announced on December 23, 2025 reduced outstanding shares from about 61.3 million to 3.8 million. Today’s 1‑for‑80 consolidation continues that pattern of using reverse splits to address Nasdaq listing requirements after heavy dilution.
Market Pulse Summary
The stock dropped -43.9% in the session following this news. A negative reaction despite the reverse split’s compliance goal fits prior patterns where financing and split announcements were followed by selling. The 1-for-80 consolidation reduces outstanding shares from about 63 million to roughly 0.79 million and targets Nasdaq’s $0.10 minimum bid threshold. Yet investors have recently absorbed multiple dilutive offerings, and earlier reverse-split news saw double‑digit declines, so skepticism toward further structural changes would be consistent.
Key Terms
reverse split financial
cusip technical
AI-generated analysis. Not financial advice.
On January 6, 2026, the Company held an extraordinary general meeting of the shareholders, and the shareholders approved to implement share consolidations of the Company's Class A ordinary shares and Class B ordinary shares at any one time or multiple times, at the exact consolidation ratio and effective time as the Board may determine from time to time in its absolute discretion, provided that the accumulative consolidation ratio for all such share consolidations shall not be more than 4000:1, and authorized the Board to implement such share consolidations at any time during a period of up to two years of the date of the meeting. On March 5, 2026, the board approved implementation of the Reverse Split at a ratio of 1 for 80 shares.
The objective of the Reverse Split is to enable the Company to maintain compliance with Nasdaq Listing Rule 5810(c)(3)(A)(iii), which requires issuers listed on Nasdaq to maintain a closing bid price of greater than
Upon the open of trading on March 12, 2026, the Company's Class A ordinary shares will begin trading on a Reverse Split-adjusted basis, under the same symbol "ELPW" but under a new CUSIP number, G3016G129.
As a result of the Reverse Split, each 80 Class A ordinary shares with a par value of
No fractional shares will be issued to any shareholders in connection with the Reverse Split, and each shareholder will be entitled to receive one full Class A ordinary share or Class B ordinary share, as applicable, in the Company in lieu of the fractional share that would have resulted from the Reverse Split.
At the time the share consolidation is effective, the Company's total issued and outstanding common shares will change from approximately 63 million to approximately 0.79 million. The Company's authorized shares will be proportionally reduced.
About Elong Power Holding Limited
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 contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other factors discussed in the documents filed with the United States Securities and Exchange Commission (the "SEC"). For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
For more information, please contact:
Elong Power Holding Limited
ir@elongpower.com
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SOURCE Elong Power Holding Limited
FAQ
When does the ELPW 1-for-80 reverse split take effect?
How will the ELPW reverse split change the number of outstanding shares?
Do ELPW shareholders need to take any action for the March 12, 2026 reverse split?
Will the ELPW reverse split change shareholders' percentage ownership?
Why did ELPW implement the 1-for-80 reverse split?
Will ELPW trade under a new ticker or CUSIP after the reverse split?
