Elong Power Holding Stock Price, News & Analysis
Company Description
Elong Power Holding Limited (NASDAQ: ELPW) is a Cayman Islands exempted company focused on high-power lithium-ion battery technologies and energy storage systems. According to company disclosures and regulatory filings, Elong Power is engaged in the research and development, manufacturing, sales, and service of high-power lithium-ion batteries for commercial and specialty alternative energy vehicles and construction machinery, as well as large-capacity, long-cycle lithium-ion batteries for energy storage systems.
The company states that it has developed a comprehensive product and technology system built around high-power lithium-ion batteries and long-cycle energy storage devices. This system includes battery cells, battery modules, system integration, and battery management system (BMS) development. Its product portfolio, as described in public materials, includes batteries utilizing lithium manganese oxide and lithium iron phosphate chemistries, among others, to address requirements in both high-power applications and energy storage scenarios.
Business focus and applications
Elong Power describes itself as a provider of high power battery technologies for commercial and specialty alternative energy vehicles and for energy storage systems. In its public communications, the company emphasizes applications in electric vehicles and construction machinery, as well as energy storage solutions that are designed for long-cycle performance. These activities place Elong Power within the broader alternative energy and battery technology space, with a focus on lithium-ion battery systems and related integration and management technologies.
The company also notes that it offers what it calls advanced energy applications and full life cycle services around its battery and storage products. Within its technology platform, Elong Power highlights capabilities in system integration and BMS development, which are important for managing performance, safety, and durability of lithium-ion battery systems in vehicle and stationary storage use cases.
Corporate structure and listing
Elong Power Holding Limited is organized as a Cayman Islands exempted company. The company completed a business combination with TMT Acquisition Corp, a publicly traded special purpose acquisition company, and its shares are anticipated and described in public releases as trading on the Nasdaq Stock Market under the ticker symbol "ELPW". Company filings with the U.S. Securities and Exchange Commission (SEC) indicate that Elong Power is a foreign private issuer that files reports on Form 20-F and Form 6-K under the Securities Exchange Act of 1934.
In its SEC filings, Elong Power reports that its Class A ordinary shares trade on the Nasdaq Global Market. The company has implemented share capital changes, including increases in authorized share capital and share consolidations (reverse stock splits), as approved by shareholders at general meetings and documented in Forms 6-K. These actions have included changes to the number of authorized and outstanding Class A and Class B ordinary shares and corresponding amendments to its memorandum and articles of association.
Share structure and corporate governance actions
Elong Power has disclosed a dual-class share structure consisting of Class A ordinary shares and Class B ordinary shares. In a Form 6-K report, the company describes that holders of Class A ordinary shares are entitled to one vote per share, while Class B ordinary shares carry higher voting power. At various shareholder meetings, resolutions were adopted to adjust the voting rights of Class B ordinary shares and to change the company’s authorized share capital.
According to a Form 6-K dated January 2026, shareholders approved an increase in the voting rights attached to each Class B ordinary share from fifty votes to two hundred votes on matters submitted to general meetings. The same filing and related reports describe approvals for substantial increases in authorized share capital and authorizations for further share consolidations within defined ratios, along with adoption of amended and restated memoranda and articles of association to reflect these changes.
Reverse share split and Nasdaq compliance efforts
Elong Power has undertaken a reverse share split (share consolidation) of its ordinary shares, as detailed in SEC filings and company press releases. A Form 6-K filed in December 2025 reports that the board approved a share consolidation at a ratio of sixteen-for-one, combining every sixteen outstanding Class A or Class B ordinary shares into one post-consolidation share. The company states that no fractional shares were issued; instead, any fractional entitlements were rounded up to the nearest whole share.
The reverse share split reduced the number of outstanding ordinary shares and increased the par value per share, while the number of authorized shares was adjusted proportionally. The company has explained that this share consolidation is intended to help it regain compliance with the Nasdaq minimum bid price requirement of US$1.00 per share, as set forth in Nasdaq Listing Rule 5450(a)(1). Nasdaq notifications disclosed in both press releases and Form 6-K filings indicate that Elong Power had received deficiency notices relating to minimum bid price, market value of listed securities (MVLS), and market value of publicly held shares (MVPHS), and that the company was afforded compliance periods to address these issues.
Regulatory reporting and foreign private issuer status
As a foreign private issuer, Elong Power files periodic and current reports with the SEC primarily on Form 20-F and Form 6-K. The company has reported on matters such as the timing and filing status of its annual report on Form 20-F, Nasdaq notices regarding filing delays under Listing Rule 5250(c)(1), and subsequent notifications from Nasdaq confirming when compliance with that rule was regained following the filing of the Form 20-F.
Elong Power’s Form 6-K filings also cover topics including results of annual and extraordinary general meetings, adoption of amended and restated memoranda and articles of association, management and board changes, and corporate actions such as share capital increases, share consolidations, and changes in voting rights. These filings provide investors with official information on the company’s corporate governance decisions and listing-related developments.
Management and board developments
Company filings describe changes in Elong Power’s senior management and board composition. For example, a Form 6-K dated August 2025 reports the resignation of a chief financial officer and the appointment of a new chief financial officer, along with a summary of the new executive’s professional background and the key terms of an employment agreement. Another Form 6-K dated July 2025 details the resignations of certain directors and committee chairs and the appointment of new directors, including information on their experience, independence status under Nasdaq Listing Rules, and compensation arrangements through director offer letters.
These disclosures indicate that Elong Power’s board has considered director independence and audit committee financial expertise in line with Nasdaq and SEC requirements, and has documented these assessments in its SEC reports.
International cooperation and project-related disclosures
In a public news release, Elong Power announced a strategic cooperation agreement with the Consumer Protection Agency of the Republic of Indonesia (BPKN). The company describes itself in that context as a Nasdaq-listed company engaged in both high-power battery and energy storage system sectors. The agreement is described as expressing the parties’ intent to cooperate on power systems to address electricity access issues in Indonesia and to support development of the country’s new energy industry. The company notes that this agreement does not constitute a binding commitment for the purchase of products or services, and that there can be no assurance that the cooperation will result in binding purchase orders.
Under this cooperation framework, Elong Power states that it would provide comprehensive solutions and technical support and assist in attracting advanced Chinese new energy companies to invest in Indonesia, in connection with initiatives such as integrated solar-plus-storage off-grid power systems and the electrification of mining activities. These descriptions reflect how the company positions its battery and energy storage technologies for use in emerging markets and in off-grid and industrial contexts, based on the information it has publicly released.
Key themes for investors and observers
From the available public information, several themes emerge about Elong Power Holding Limited:
- It focuses on high-power lithium-ion batteries for commercial and specialty alternative energy vehicles and construction machinery.
- It develops and supplies large-capacity, long-cycle lithium-ion batteries for energy storage systems.
- Its technology platform includes battery cells, modules, system integration, and battery management system (BMS) development.
- Its product portfolio includes chemistries such as lithium manganese oxide and lithium iron phosphate, among others.
- It is organized as a Cayman Islands exempted company and reports as a foreign private issuer to the SEC.
- Its Class A ordinary shares trade on the Nasdaq Global Market under the symbol ELPW, and the company has taken steps, including a reverse share split, in response to Nasdaq listing deficiency notices.
All of these points are drawn from the company’s own descriptions in press releases and SEC filings, and they summarize how Elong Power presents its business activities, corporate structure, and capital markets profile.