Elong Power (ELPW) adjusts warrants after 45-for-1 consolidation
Rhea-AI Filing Summary
Elong Power Holding Ltd. (ELPW) reports technical adjustments to its outstanding common warrants following a previously implemented forty-five-for-one August 2026 share consolidation. Under the anti-dilution and downward adjustment mechanisms in the warrants, both the exercise price and the number of underlying Class A Ordinary Shares were recalculated over a defined Share Combination Adjustment Period tied to the lowest volume-weighted average price. As of the close of trading on August 17, 2026, the exercise price of the Common Warrants was reset to $3.80 per share, and the aggregate number of warrant shares was adjusted to approximately 3,193,862 Class A Ordinary Shares, preserving the same total aggregate exercise price that applied on the original issuance dates.
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Key Figures
Key Terms
volume-weighted average price financial
anti-dilution provisions financial
aggregate exercise price financial
FAQ
What change to the warrant exercise price did ELPW disclose in this Form 6-K?
How was the adjusted ELPW warrant exercise price determined?
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