Nasdaq warns Elong Power (ELPW) on bid price and market value compliance gaps

Rhea-AI Filing Summary

Elong Power Holding Limited reports that it has received three deficiency notices from Nasdaq, all dated October 3, 2025. Nasdaq informed the company that its ordinary shares failed to meet the minimum closing bid price of $1.00 per share for 30 consecutive business days, triggering non-compliance with Listing Rule 5450(a)(1). The company has until April 1, 2026 to regain compliance, which would occur if the bid price closes at or above $1.00 for at least ten straight trading days.

Nasdaq also notified Elong Power that its Market Value of Listed Securities has been below the required $50 million, and its Market Value of Publicly Held Shares has been below the required $15 million, each for 30 consecutive business days. The company likewise has until April 1, 2026 to restore each metric to the respective thresholds for at least ten consecutive business days. The notices do not immediately affect trading, but failure to regain compliance could ultimately lead to delisting, though Elong Power may seek additional compliance periods or appeal if necessary.

Positive

• None.

Negative

• Elong Power faces three concurrent Nasdaq listing deficiencies—bid price below $1.00, Market Value of Listed Securities below $50 million, and Market Value of Publicly Held Shares below $15 million, all of which could ultimately result in delisting if not cured by April 1, 2026.

Insights

Equity market structure analyst

Multiple Nasdaq deficiencies raise a clear delisting overhang for Elong Power.

Elong Power Holding Limited has simultaneously triggered three separate Nasdaq standards: the $1.00 minimum bid price, the $50 million Market Value of Listed Securities, and the $15 million Market Value of Publicly Held Shares. Each breach followed 30 consecutive business days below the applicable threshold, which signals sustained pressure on both the share price and the company’s equity valuation.

The company has until April 1, 2026 to cure all three issues by achieving at least ten consecutive business days at or above the required levels. The text notes that an additional 180‑day bid-price grace period may be available if Elong Power meets Nasdaq Capital Market standards, potentially using a reverse stock split to lift the share price. However, gaining extra time is subject to meeting other listing criteria and formally notifying Nasdaq.

If compliance is not regained, Nasdaq can move to delist the securities, though Elong Power would be able to appeal to a hearings panel. The company states that it intends to take reasonable measures and actively monitor both market value metrics, but also acknowledges there is no assurance it will regain or maintain compliance, underscoring ongoing listing risk until the Nasdaq issues are resolved.

Form 6-K: How Foreign Companies Report to the SEC →

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of October 2025

Commission File Number:001-42416

ELONG POWER HOLDING LIMITED

Gushan Standard Factory Building Project

Ganzhou New Energy Vehicle Technology City

West Gushan Road and North Xingguang Road

Ganzhou City, Jiangxi Province, 341000

People’s Republic of China

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F ☒ Form 40-F ☐

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

Initial Bid Price Deficiency Notice

On October 3, 2025 (the “Notification Date”), Elong Power Holding Limited (the “Company”) received notification from the Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it is not in compliance with the requirement to maintain a minimum closing bid price of $1.00 per share, as set forth in Nasdaq Listing Rule 5450(a)(1), because the closing bid price of the Company’s ordinary shares was below $1.00 per share for 30 consecutive business days. The notification does not impact the listing of the Company’s ordinary shares on the Nasdaq Global Market at this time.

In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has a period of 180 calendar days from the Notification Date, until April 1, 2026, to regain compliance with the minimum bid price requirement. During this period, the Company’s ordinary shares will continue to trade on the Nasdaq Global Market. If at any time before April 1, 2026, the bid price of the Company’s ordinary shares closes at or above $1.00 per share for a minimum of ten consecutive trading days, Nasdaq will provide written notification that the Company has achieved compliance with this minimum bid price requirement.

In the event the Company does not regain compliance by April 1, 2026, the Company may be eligible for an additional 180 calendar day compliance period to demonstrate compliance with the bid price requirement. To qualify for the additional 180-day period, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice to Nasdaq of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary. If the Company does not qualify for the second compliance period or fails to regain compliance during the second 180-day period, then Nasdaq will notify the Company of its determination to delist the Company.

The Company intends to take all reasonable measures to regain compliance under the Nasdaq Listing Rule 5450(a)(1). However, there can be no assurance that the Company will be able to maintain compliance with the Nasdaq Capital Market’s continued listing requirements or regain compliance with the minimum bid price requirement as set forth in Nasdaq Listing Rule 5450(a)(1).

Market Value of Listed Securities Deficiency Notice

On the Notification Date, the Company also received a letter from the staff at Nasdaq notifying the Company that, for the 30 consecutive business days prior to the date of the letter, the Company’s Market Value of Listed Securities (“MVLS”) was below the minimum of $50 million required for continued listing on The Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(b)(2)(A). The letter is only a notification of deficiency, not of imminent delisting, and has no current effect on the listing or trading of the Company’s securities on Nasdaq.

In accordance with Nasdaq listing rule 5810(c)(3)(C), the Company has 180 calendar days, or until April 1, 2026, to regain compliance. The letter notes that to regain compliance, the Company’s MVLS must close at or above $50 million for a minimum of ten consecutive business days during the compliance period. If the Company does not regain compliance by April 1, 2026, Nasdaq staff will provide written notice to the Company that its securities are subject to delisting. At that time, the Company may appeal any such delisting determination to a hearings panel.

The Company intends to actively monitor the Company’s MVLS between now and April 1, 2026, and may, if appropriate, evaluate available options to resolve the deficiency and regain compliance with the MVLS requirement. While the Company is exercising diligent efforts to maintain the listing of its securities on Nasdaq, there can be no assurance that the Company will be able to regain or maintain compliance with Nasdaq listing standards.

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Market Value of Publicly Held Shares Deficiency Notice

On the Notification Date, the Company also received a letter from the staff at Nasdaq notifying the Company that, for the 30 consecutive business days prior to the date of the letter, the Company’s Market Value of Publicly Held Shares (“MVPHS”) was below the minimum of $15 million required for continued listing on The Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(b)(2)(C). The letter is only a notification of deficiency, not of imminent delisting, and has no current effect on the listing or trading of the Company’s securities on Nasdaq.

In accordance with Nasdaq listing rule 5810(c)(3)(D), the Company has 180 calendar days, or until April 1, 2026, to regain compliance. The letter notes that to regain compliance, the Company’s MVPHS must close at or above $15 million for a minimum of ten consecutive business days during the Compliance Period. If the Company does not regain compliance by April 1, 2026, Nasdaq staff will provide written notice to the Company that its securities are subject to delisting. At that time, the Company may appeal any such delisting determination to a hearings panel.

The Company intends to actively monitor the Company’s MVPHS between now and April 1, 2026, and may, if appropriate, evaluate available options to resolve the deficiency and regain compliance with the MVPHS requirement. While the Company is exercising diligent efforts to maintain the listing of its securities on Nasdaq, there can be no assurance that the Company will be able to regain or maintain compliance with Nasdaq listing standards.

EXHIBIT INDEX

Exhibit No.		Description
99.1		Press Release - Elong Power Receives Nasdaq Notification of Non-Compliance with Listing Rules 5450(a)(1), 5450(b)(2)(A), and 5450(b)(2)(C), dated October 9, 2025

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Elong Power Holding Limited
Date: October 9, 2025	By:	/s/ Xiaodan Liu
	Name:	Xiaodan Liu
	Title:	Chief Executive Officer and Chairwoman of the Board of Directors

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FAQ

What Nasdaq listing issues did Elong Power Holding Limited (ELPW) disclose?

Elong Power disclosed three Nasdaq deficiencies: its ordinary shares failed to meet the minimum bid price of $1.00 per share under Listing Rule 5450(a)(1), its Market Value of Listed Securities fell below $50 million under Rule 5450(b)(2)(A), and its Market Value of Publicly Held Shares fell below $15 million under Rule 5450(b)(2)(C), each for 30 consecutive business days.

Does the Nasdaq notification immediately affect trading of ELPW shares?

The company states that each Nasdaq letter is a notification of deficiency only and not of imminent delisting. The notices have no current effect on the listing or trading of Elong Power’s securities, and the ordinary shares continue to trade on the Nasdaq Global Market while the company works to regain compliance.

How long does Elong Power (ELPW) have to regain Nasdaq compliance?

For all three deficiencies, Elong Power has 180 calendar days from the October 3, 2025 notification date, or until April 1, 2026, to regain compliance. For each metric, it must achieve at least ten consecutive business days at or above the respective thresholds during this compliance period.

What steps might Elong Power take to cure the bid price deficiency?

The disclosure notes that, if Elong Power does not regain bid price compliance by April 1, 2026, it may be eligible for an additional 180‑day compliance period on the Nasdaq Capital Market. To qualify, it would need to meet other initial listing standards and provide written notice of its intention to cure the deficiency, potentially by effecting a reverse stock split if necessary.

What happens if Elong Power cannot meet the Nasdaq value and bid price requirements?

If the company does not regain compliance by April 1, 2026, Nasdaq staff may notify Elong Power that its securities are subject to delisting. At that point, the company could appeal the determination to a hearings panel, but it acknowledges there is no assurance it will be able to regain or maintain compliance with Nasdaq listing standards.

How is Elong Power responding to the MVLS and MVPHS deficiencies?

Elong Power states that it intends to actively monitor both its Market Value of Listed Securities and its Market Value of Publicly Held Shares through April 1, 2026, and may, if appropriate, evaluate available options to resolve each deficiency and regain compliance with the respective Nasdaq requirements.