Elong Power Holding Limited Enters into Approximately $3.26 Million Warrant Inducement

The agreement pairs exercises of existing warrants with new three-year warrants covering 2,713,204 Class A ordinary shares.

Rhea-AI Summary

Elong Power Holding (ELPW) entered a warrant inducement agreement expected to generate approximately $3.26 million in gross proceeds.

Existing institutional investors agreed to exercise warrants for 1,808,803 Class A ordinary shares at an amended exercise price of $1.80. Proceeds are before placement agent fees and estimated offering expenses. The company expects closing on or about November 6, 2026, subject to customary closing conditions.

In exchange, Elong Power agreed to issue new warrants covering 2,713,204 Class A ordinary shares at $2.50 per share. These warrants are immediately exercisable and expire three years from issuance.

1 point · 1 major

MixediHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

1 major · 3 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Major point. Forward-looking: it has not happened yet and may not happen.Warrant exercises are expected to raise approximately $3.26 million in gross proceeds before fees and expenses. 1.4× market cap

Negative

• Major point. Forward-looking: it has not happened yet and may not happen.Existing warrant exercises would issue 1,808,803 Class A ordinary shares at $1.80, diluting existing holders.
• Minor point. Forward-looking: it has not happened yet and may not happen.New warrants add potential dilution of 2,713,204 Class A ordinary shares at $2.50, exercisable immediately for three years.
• Minor pointGross proceeds are subject to placement agent fees and estimated offering expenses.

News Explained

The 2,713,204-share warrant reserve is conditional dilution, while resale registration has a 30-day filing and 45-day effectiveness deadline (90 days under SEC full review).

The inducement agreement is in place, but the existing-warrant exercise has not closed; the new warrants cover 2,713,204 shares that would be issued only on exercise, reducing existing holders’ percentage ownership absent offsetting changes.

Elong Power committed to file a resale registration statement for those shares within 30 days and have it effective within 45 days, or within 90 days if the SEC conducts a full review.

Argus 15 min delay 145 alerts

+42.03% vs previous close $3.57 last price 2484.3x rel. volume Open Argus

Details

Market move: ELPW +42.03% vs previous close. warrant inducement

-4.7% Trough Tracked

$2.57 – $5.03 Day Range

$3.32M Mkt Cap at Last Price

On Nov 5, the day this news came out, the latest delayed price for ELPW is 42.03% above the previous close. Argus tracked a trough of -4.7% from its starting point during tracking. Our momentum scanner has recorded 145 alerts for this stock so far that day. The latest delayed price is $3.56. Relative volume is exceptionally heavy at 2484.3x what this stock usually trades by this time of day.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.

Key Figures

Warrants exercised: 1,808,803 Class A ordinary shares Amended exercise price: $1.80 Gross proceeds: Approximately $3.26 million +5 more

Warrants exercised

1,808,803 Class A ordinary shares

Aggregate shares issuable upon exercise of existing warrants

Amended exercise price

$1.80

Per share for the existing warrants

Gross proceeds

Approximately $3.26 million

Before placement agent fees and estimated offering expenses

New warrants

2,713,204 Class A ordinary shares

Aggregate shares issuable upon exercise

New warrant exercise price

$2.50 per share

Exercise price for the new warrants

New warrant term

Three years

Expiration from the date of issuance

Resale registration filing

Within 30 days

Company agreed to file a registration statement covering resale of shares issuable under the new warrants

Resale registration effectiveness

Within 45 days; no later than 90 days if the SEC issues a full review

Deadline measured from the date of the announcement

Historical Context

1 past event · Latest: Aug 04

1 event

1. Aug 04

   public offering

   24h Move

   +52.0%

   Closed the offering that included warrants now among those exercised under this inducement.

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

Key Terms

warrants, exercise price, form f-1, securities purchase agreement

4 terms

warrants financial

"immediate exercise of certain outstanding Ordinary Shares Purchase Warrants"

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.

View in glossary

exercise price financial

"at an amended exercise price of $1.80"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

form f-1 regulatory

"registration statements on Form F-1 which were declared effective"

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.

securities purchase agreement financial

"pursuant to a securities purchase agreement dated May 15, 2026"

A securities purchase agreement is a written contract between a buyer and a seller outlining the terms for buying or selling financial assets such as stocks or bonds. It specifies details like the price, quantity, and conditions of the transaction, similar to a shopping list with agreed-upon terms. For investors, it provides clarity and legal protection when transferring ownership of these financial instruments.

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

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BEIJING, Nov. 05, 2026 (GLOBE NEWSWIRE) -- 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 it has entered into a warrant inducement agreement with certain existing institutional investors for the immediate exercise of certain outstanding Ordinary Shares Purchase Warrants previously issued by the Company including (i) ordinary shares purchase warrants on May 18, 2026, pursuant to a securities purchase agreement dated May 15, 2026 (the “May 2026 Warrants”), (ii) ordinary shares purchase warrants on July 13, 2026, pursuant to a securities purchase agreement dated July 10, 2026 (the “July 2026 Warrants”), and (iii) ordinary shares purchase warrants on August 4, 2026, pursuant to a securities purchase agreement dated August 3, 2026 (the “August 2026 Warrants”, collectively with the May 2026 Warrants and the July 2026 Warrants, the “Existing Warrants”). Pursuant to the warrant inducement agreement, the investors have agreed to exercise certain Existing Warrants to purchase an aggregate of 1,808,803 Class A Ordinary Shares (the “Ordinary Shares”) at an amended exercise price of $1.80. The Class A Ordinary Shares issuable upon exercise of the Existing Warrants are registered pursuant to certain registration statements on Form F-1 which were declared effective by the Securities and Exchange Commission (SEC) and remain currently effective. The gross proceeds from the exercise of the Existing Warrants are expected to be approximately $3.26 million, prior to deducting placement agent fees and estimated offering expenses.

The closing of the warrant exercise transactions is expected to occur on or about November 6, 2026, subject to satisfaction of customary closing conditions.

Maxim Group LLC is acting as the financial advisor for the transaction.

In consideration for the immediate exercise of the Existing Warrants, the Company also agreed to issue to the investor unregistered Ordinary Shares Purchase Warrants to purchase an aggregate of 2,713,204 of the Company’s Class A Ordinary Shares with an exercise price of $2.50 per share (the “New Warrants”). The New Warrants are immediately exercisable and will expire three years from the date of issuance. The Company has agreed to file a registration statement within thirty (30) days with the Securities and Exchange Commission (“SEC”) covering the resale of the Class A Ordinary Shares issuable upon exercise of the New Warrants, which shall be declared effective within forty-five (45) days from the date herein, or no later than ninety (90) days, if the SEC issues a “full review”. This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About Elong Power Holding Limited

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 Deployment”, the Company focuses on its core lithium battery energy storage system business. As a global provider of intelligent energy storage system solutions, it delivers energy storage products featuring high- reliability, enhanced safety and superior cost competitiveness, covering portable energy storage, residential energy storage, commercial and industrial (C&I) energy storage and utility-scale energy storage. Ms. Xiaodan Liu serves as the Company’s Chairperson and Chief Executive Officer and oversees its day-to-day operations.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar expressions, and include statements regarding the Company’s business strategy, its transition to an energy storage system integration business, its global expansion, its use of financing proceeds and its future results of operations. Such statements involve risks and uncertainties, including, among others: the Company’s limited operating history in the energy storage business; its ability to achieve positive gross margins and profitability from continuing operations; its need for additional financing and its ability to continue as a going concern; customer and supplier concentration; competition; related-party transactions; maintaining its Nasdaq listing; PRC regulatory, economic and currency risks; 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

FAQ

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

How much will Elong Power raise through its warrant inducement agreement?

Elong Power expects approximately $3.26 million in gross proceeds from exercises of existing warrants for 1,808,803 Class A ordinary shares at an amended exercise price of $1.80. Closing is expected on or about November 6, 2026, subject to customary closing conditions.

What new warrants will Elong Power issue under the inducement agreement?

Elong Power agreed to issue new warrants to purchase 2,713,204 Class A ordinary shares at $2.50 per share in exchange for immediate exercise of existing warrants. The new warrants are immediately exercisable and expire three years from issuance.

What registration deadlines apply to shares underlying Elong Power's new warrants?

Elong Power agreed to file a resale registration statement for shares underlying the new warrants within 30 days. The agreement requires effectiveness within 45 days from November 5, 2026, or no later than 90 days if the SEC issues a full review.