Elong Power Holding Limited submitted a report as a foreign private issuer to provide materials for upcoming shareholder meetings. The company is furnishing a Notice of Meetings of Shareholders and Proxy Statement, along with proxy cards for a meeting of holders of class A ordinary shares and an extraordinary general meeting of shareholders. These documents outline the matters to be considered at the meetings and give shareholders a way to vote by proxy rather than attending in person.
Elong Power Holding Limited (ELPW) reported that shareholders approved all six proposals at an extraordinary general meeting. Shares representing 305,805,877 voting power, accounting for 87.34% of total voting power as of October 6, 2025, were present in person or by proxy, so the meeting was well attended and fully able to act.
Shareholders re-appointed five directors and approved Enrome LLP as independent auditor for the fiscal year ending December 31, 2025. They also approved a very large increase in authorized share capital from 5,000,000,000 to 2,500,000,000,000 ordinary shares (including 2,000,000,000,000 Class A and 500,000,000,000 Class B shares) and authorized the board to carry out one or more share consolidations within a 2-for-1 to 500-for-1 range, with fractional shares rounded up. A new third amended and restated memorandum and articles of association reflecting the share capital increase and potential consolidations was approved.
Elong Power Holding Limited filed a Form 6-K to furnish investors with its Management’s Discussion and Analysis of Financial Condition and Results of Operations and unaudited interim consolidated financial statements for the six months ended June 30, 2025 and 2024. These materials, provided as Exhibits 99.1 and 99.2, offer a narrative and detailed financial view of the company’s performance over the first half of each year. The filing is also incorporated by reference into an existing Form S-8 registration statement, allowing those financial disclosures to be used in connection with the company’s equity compensation plans.
Elong Power Holding Limited filed a Form 6‑K to distribute materials for its annual general meeting of shareholders. The submission includes the Notice of Annual General Meeting and Proxy Statement, and a Form of Proxy Card, which are incorporated by reference.
This is an administrative update and does not include financial results or major transaction details.
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.
Elong Power Holding Limited reports that its Nasdaq listing compliance issue related to a delayed annual report has been resolved. The company had received a notice from Nasdaq on July 9, 2025 stating it was out of compliance because its Form 20-F for the year ended December 31, 2024 had not yet been filed. Elong Power subsequently filed the Form 20-F on September 22, 2025.
On September 23, 2025, Nasdaq informed the company that, based on this filing, it now complies with Nasdaq Listing Rule 5250(c)(1), and the matter has been closed. This means the company remains in good standing with Nasdaq’s continued listing requirements.
Elong Power Holding Limited (ELPW) completed a business combination with TMT Acquisition Corp and reorganized its capital structure, issuing Class A and Class B ordinary shares and consummating a PIPE financing of $7,000,000. The company reported substantial losses and balance-sheet strain: an accumulated deficit of $68.9 million, shareholders' deficit of $16.5 million and a working capital deficit of $9.9 million as of December 31, 2024. Operating activities used $2.8 million of cash during 2024. Management recorded a non‑cash impairment of property, plant and equipment of $10.35 million in 2024. The filing notes 105,430,851 warrants that, after ODI approvals, converted into 36,831,228 Class A shares, and that a supporting shareholder (Gracedan Co., Limited) holds all Class B shares and therefore majority voting power. The company disclosed material risks including reliance on ODI approvals, potential PCAOB inspection limitations under HFCAA and other China-related regulatory, operational and liquidity risks.