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Elong Power (ELPW) issues 77,764,364 new shares after full warrant exercise

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Elong Power Holding Limited reports that all 24,955,000 previously issued Warrants, each initially exercisable for one Class A ordinary share, were fully exercised between March 2 and March 9, 2026 using a zero exercise price option. This exercise resulted in the issuance of 77,764,364 Class A ordinary shares, referred to as the Warrant Shares. As of this report, the company has 113,019,749 Class A ordinary shares and 361,090 Class B ordinary shares issued and outstanding.

Positive

  • None.

Negative

  • Significant share dilution without exercise cash inflow: All 24,955,000 Warrants were exercised via a zero exercise price option, creating 77,764,364 new Class A ordinary shares and lifting the total to 113,019,749, meaning existing holders now own a smaller percentage of the company.

Insights

Zero-cost warrant exercises added 77,764,364 new Elong Power shares, significantly diluting existing holders.

Elong Power Holding Limited states that all 24,955,000 Warrants issued on March 2, 2026 were fully exercised via a zero exercise price option. This produced 77,764,364 new Class A ordinary shares, a large increase in the equity base without cash proceeds from exercise.

Following these issuances, Class A ordinary shares outstanding rose to 113,019,749, alongside 361,090 Class B ordinary shares. The additional Warrant Shares were issued under an effective Form F-1 registration statement, so they are registered equity. The main implications relate to share count expansion; valuation impact depends on how markets view this dilution.

 

 

 

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 OF THE

SECURITIES EXCHANGE ACT OF 1934

 

For the month of March 2026

 

Commission File Number 001-42416

 

ELONG POWER HOLDING LIMITED

(Translation of registrant’s name into English)

 

3 Yan Jing Li Zhong Jie

Jiatai International Plaza

Block B, Room 2110

Beijing, China 100025

(Address of principal executive offices)

 

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 ☐

 

 

 

 

 

 

As previously disclosed on the report on Form 6-K filed by Elong Power Holding Limited (the “Company”) with the Securities and Exchange Commission (the “SEC”) on March 2, 2026, the Company issued 21,700,000 Class A ordinary shares, par value $0.00016 per share (the “Class A Ordinary Shares”) and 24,955,000 warrants, each to initially purchase one Class A Ordinary Share (collectively, the “Warrants”).

 

During the period from March 2, 2026 to March 9, 2026, all of the Warrants issued were fully exercised by means of a zero exercise price option and the Company issued an aggregated of 77,764,364 Class A Ordinary Shares (the “Warrant Shares”). As of the date of this report, the Company has 113,019,749 Class A Ordinary Shares and 361,090 Class B Ordinary Shares issued and outstanding.

 

The Warrant Shares were issued pursuant to the Company’s registration statement on Form F-1 (File No. 333-293527), as amended, which was initially filed with the SEC on February 17, 2026 and declared effective by the SEC on February 25, 2026.

 

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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.

 

Date: March 9, 2026 Elong Power Holding Limited
     
  By: /s/ Xiaodan Liu
    Xiaodan Liu
    Chief Executive Officer

 

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FAQ

What did Elong Power Holding Limited (ELPW) disclose in this 6-K?

Elong Power Holding Limited disclosed that all 24,955,000 previously issued Warrants were fully exercised between March 2 and March 9, 2026, through a zero exercise price option, resulting in the issuance of 77,764,364 new Class A ordinary shares, called the Warrant Shares.

How many new Elong Power (ELPW) shares were issued from warrant exercises?

The company reports issuing 77,764,364 new Class A ordinary shares upon full exercise of 24,955,000 Warrants. These Warrant Shares were created between March 2 and March 9, 2026, under an effective Form F-1 registration statement previously filed with the SEC.

What is Elong Power’s (ELPW) current share count after the warrant exercises?

After issuing 77,764,364 Warrant Shares, Elong Power Holding Limited states it now has 113,019,749 Class A ordinary shares outstanding, along with 361,090 Class B ordinary shares. This updated capital structure reflects the full conversion of all Warrants referenced in the March 2, 2026 disclosure.

Did Elong Power (ELPW) receive cash from these warrant exercises?

The Warrants were exercised using a zero exercise price option, meaning holders did not pay an exercise price for the shares. As described, this structure increases the number of outstanding Class A ordinary shares without indicating any cash inflow tied to the warrant exercises themselves.

Under which registration statement were Elong Power (ELPW) Warrant Shares issued?

Elong Power Holding Limited states that the 77,764,364 Warrant Shares were issued under its registration statement on Form F-1, File No. 333-293527, which was initially filed on February 17, 2026 and declared effective by the SEC on February 25, 2026.

How many Warrants did Elong Power (ELPW) originally issue in March 2026?

The company previously issued 24,955,000 Warrants, each initially to purchase one Class A ordinary share, alongside 21,700,000 Class A ordinary shares. All of these Warrants were fully exercised between March 2 and March 9, 2026, resulting in the issuance of 77,764,364 Warrant Shares.
Elong Power Holding Limited

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