Elong Power Holding Limited provides high-power battery technologies for commercial and specialty alternative-energy vehicles and energy storage systems. Its recurring news includes capital raises involving Class A ordinary shares and warrants, share consolidations affecting Class A and Class B ordinary shares, Nasdaq listing compliance matters, and shareholder approvals tied to its capital structure.
Company updates also reflect its strategic realignment after the completed sale of Elong BVI and related subsidiaries, with the remaining business focused on research and development, sales, and service for energy storage systems.
Elong Power (NASDAQ: ELPW) closed an underwritten public offering of 21,700,000 Units at US$0.3231 per Unit, generating approximately US$7.0 million gross proceeds on Feb 27, 2026.
Each Unit includes one Class A ordinary share and one common warrant exercisable immediately, expiring three years after issuance, with specified exercise-price adjustments on Mar 3 and Mar 6, 2026. The underwriter partially exercised a 45-day over-allotment option for 3,255,000 Common Warrants. Proceeds are for general corporate purposes and working capital; registration was declared effective Feb 25, 2026.
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.
Elong Power Holding (Nasdaq: ELPW) closed an underwritten public offering of 2,400,000 Units at US$3.16 per Unit, generating approximately US$7.6 million in gross proceeds.
Each Unit includes one Class A ordinary share and one common warrant exercisable immediately for three years at US$3.16, with scheduled exercise-price adjustments and a zero-cash exercise option. The company received partial over-allotment exercise and intends to use proceeds for general corporate purposes and working capital.
Elong Power (Nasdaq: ELPW) priced an underwritten public offering of 2,400,000 Units at US$3.16 per Unit, generating approximately US$7.6 million in gross proceeds before expenses. Each Unit contains one Class A ordinary share (or a pre-funded warrant) and one common warrant.
The Common Warrants expire in three years, are exercisable immediately at US$3.16, and include post-closing adjustments on trading days 4 and 8 that reduce the exercise price to 70% and 50% of the initial price respectively, with proportionate share increases. Holders may opt for a zero exercise price mechanism to receive twice the cash-exercise share amount. The offering is expected to close on February 3, 2026, with an underwriter option to purchase up to an additional 360,000 Class A shares and/or 360,000 Common Warrants. Proceeds are intended for general corporate purposes, sales network expansion, and production/capacity upgrades. SEC declared the registration effective on January 29, 2026.
Elong Power (Nasdaq: ELPW) announced a 16-for-1 reverse stock split, approved by shareholders on November 24, 2025. The split will combine every 16 issued and outstanding Class A ordinary shares into one share, reducing outstanding shares from approximately 61.3 million to approximately 3.8 million.
Class A shares will begin trading on an adjusted basis on December 26, 2026 under the existing ticker ELPW; the new CUSIP is G3016G111. The company amended its memorandum to proportionately reduce authorized shares and set the post-split par value at $0.00016 per share. Warrants and options will be adjusted proportionately; fractional shares will be rounded up. The reverse split is intended to meet Nasdaq's $1.00 minimum bid-price listing requirement.
Elong Power (NASDAQ: ELPW) received Nasdaq notification letters dated October 3, 2025 informing the company it is not in compliance with three Nasdaq Global Market standards: a minimum $1.00 closing bid price, $50 million MVLS, and $15 million MVPHS, each below required thresholds for the prior 30 consecutive business days.
The letters are notifications of deficiency, not delisting notices. The company has a 180‑day cure period through April 1, 2026 to regain compliance by meeting each metric for ten consecutive trading/business days. Ordinary shares continue to trade on Nasdaq and all other Nasdaq standards remain in compliance.
Elong Power (NASDAQ:ELPW), a provider of high power battery technologies, has received a non-compliance notice from Nasdaq due to failing to file its Form 20-F for fiscal year 2024 on time. The company has 60 calendar days to submit a compliance plan to Nasdaq.
If Nasdaq accepts the plan, ELPW could receive up to 180 calendar days extension until October 17, 2025 to file the report. While trading continues under "ELPW" symbol, failure to regain compliance could result in delisting from Nasdaq. The company states it is working to file the Form 20-F within the specified timeframe.
Elong Power (NASDAQ:ELPW) has signed a strategic cooperation agreement with Indonesia's Consumer Protection Agency (BPKN) to address electricity access challenges and promote new energy development in Indonesia. Under the agreement, BPKN plans to invest at least $1 billion in integrated solar-plus-storage off-grid power systems for Indonesia's islands and rural areas.
The partnership includes BPKN's commitment to support lithium battery energy storage systems implementation and green electrification of Indonesia's mining sector, with Elong Power providing technical support and solutions. Additionally, Elong Power will help attract Chinese new energy companies to invest in Indonesia. However, the agreement is non-binding and does not guarantee purchase orders.
Elong Power (Nasdaq: ELPW), a provider of high power battery technologies, has received two critical notices from Nasdaq's Listing Qualifications Department regarding potential delisting concerns. The first notice indicates that the company's closing market value of listed securities (MVLS) has fallen below the required $50 million minimum for 30 consecutive business days through March 18, 2025. The second notice states that the closing bid price of the company's Ordinary Shares has remained below the $1.00 minimum requirement.
The company has been granted a 180-day compliance period until September 15-16, 2025, to address these issues. To maintain listing, ELPW must achieve: 1) a closing MVLS of at least $50 million for a minimum of ten consecutive business days, and 2) a closing bid price of at least $1.00 for ten consecutive business days. Currently, ELPW's shares continue to trade normally under the symbol 'ELPW' on the Nasdaq Global Market.
eLong Power Holding (Nasdaq: ELPW), a provider of high power battery technologies for commercial and specialty alternative energy vehicles and energy storage systems, has completed its business combination with TMT Acquisition Corp. The combined company will begin trading on the Nasdaq Stock Market under the symbol 'ELPW' on November 22, 2024. This strategic move aims to provide eLong Power with access to U.S. public equity markets, accelerating business expansion and creating new growth opportunities in the EV and energy storage industry.