Elong Power Holding Limited is conducting a best-efforts primary offering of up to 7,975,000 Units, each at US$0.40 and consisting of one Class A Ordinary Share and one Common Warrant, and up to 8,525,000 Pre-Funded Units, each at US$0.399 and consisting of one Pre-Funded Warrant and one Common Warrant. The filing also registers up to 8,525,000 shares underlying the Pre-Funded Warrants and up to 16,500,000 shares underlying the Common Warrants. Assuming all securities are sold and all Pre-Funded Warrants are exercised, gross proceeds are US$6.6 million, with estimated net proceeds before expenses of US$6.138 million. Units and Pre-Funded Units are not certificated; their components are immediately separable. Elong is a Cayman Islands holding company that operates in China through its PRC subsidiary, and highlights extensive legal, regulatory, cash-transfer, and delisting risks associated with PRC oversight and the Holding Foreign Companies Accountable Act.
Elong Power Holding Limited files Amendment No. 1 to its Registration Statement on Form F-1 (File No. 333-297290) to re-file Exhibit 23.1. The amendment expressly states it does not modify any provision of the preliminary prospectus in Part I and omits the preliminary prospectus. The filing includes customary Cayman Islands indemnification disclosure, an exhibit index listing legal opinions, agreements, warrants, underwriting and placement documents, and consent filings; the amendment is limited in scope to the re-filing of the named exhibit.
Elong Power Holding Limited files a Form F-1 to register up to 10,152,285 Units, each consisting of one Class A ordinary share and one Common Warrant, and up to 10,152,285 Pre-Funded Units and related warrants, at an assumed offering price of $0.985 per Unit.
The offering includes Pre-Funded Units for purchasers constrained by a 4.99% (or optionally 9.99%) beneficial ownership cap; Common Warrants have an assumed exercise price of $0.985 and three-year terms. The prospectus highlights material risks tied to PRC regulatory change, cross-border approvals and PCAOB inspection dynamics for the auditor.
Elong Power Holding Limited reported a related-party financing and debt settlement with its CEO, Ms. Xiaodan Liu. In 2025 the company borrowed $1,380,396 from Ms. Liu at 8% annual interest, payable on demand. As of June 23, 2026, the outstanding balance was $33,000.
To settle this remaining payable, the company entered into a debt settlement and mutual release agreement and issued 33,881 Class B ordinary shares at $0.974 per share to Gracedan Co., Limited, a company controlled by Ms. Liu. The company also signed a securities purchase agreement to issue and sell a further 66,119 Class B ordinary shares at $0.974 per share to Gracedan Co., Limited, providing additional equity financing.
Both the settlement and share issuance were completed on June 24, 2026 under exemptions from registration provided by Section 4(a)(2) of the Securities Act of 1933 and Regulation S.
Elong Power Holding Ltd. disclosed that LIU YUE, its Chief Financial Officer, has filed an initial statement of beneficial ownership on Form 3. The filing identifies LIU YUE as an officer of the company and does not list any reported transactions or derivative positions.
Elong Power Holding Limited reported a leadership change in its finance team. Wei Zou resigned as Chief Financial Officer effective June 11, 2026, with the company stating his departure was not due to any disagreement with its operations, policies, or procedures. On the same date, the board appointed Yue Liu as the new Chief Financial Officer.
Yue Liu brings 27 years of experience in finance, accounting, and corporate management, including senior roles overseeing IPO preparation, risk control, cross-border financial operations, and U.S. GAAP reporting. Under a one-year employment agreement that renews annually unless terminated with notice, she will receive annual compensation of RMB420,000 (approximately US$60,000), paid monthly.
Elong Power Holding Ltd. reports that L1 Capital Global Opportunities Master Fund, Ltd. beneficially owns 337,850 Class A Ordinary Shares, representing 9.99% of the class based on 3,044,039 shares outstanding. The filing states 337,850 comprises 280,250 Class A Ordinary Shares and 57,600 pre-funded warrants, and notes additional pre-funded warrants (431,400) and warrants (769,250) that are each subject to a 9.99% beneficial ownership limitation.
Elong Power Holding Limited Schedule 13G: CVI Investments, Inc. and Heights Capital Management, Inc. report beneficial ownership of 312,324 shares of Class A Ordinary Shares, representing 9.9% of the class. The reported position consists of 230,000 Shares plus additional Shares issuable upon exercise of pre-funded warrants and other warrants. The filing notes the Warrants include an anti‑aggregation cap such that exercisability is limited to prevent ownership exceeding 9.99%. The company’s prospectus states there were 3,044,039 Shares outstanding as of the completion of the referenced offering (May 18, 2026).
Elong Power Holding Limited completed a registered public offering of 4,615,500 units at US$1.30 per Unit, raising approximately US$6.0 million in gross proceeds. Each Unit includes one Class A ordinary share or a pre-funded warrant plus one common warrant, which is immediately exercisable at US$1.30 and expires three years after issuance.
The company plans to use net proceeds for working capital, general corporate purposes, product iteration and development, and production capacity expansion. Maxim Group LLC acted as sole placement agent, receiving a 7.0% fee on gross proceeds, and directors and executives agreed to 90-day lock-ups on company securities.