Elong Power stake update from L1 Capital fund
L1 Capital Global Opportunities Master Fund, Ltd. reports beneficial ownership of 1,609,686 Elong Power Holding Ltd. Class A Ordinary Share securities, representing 9.99% of the class.
Rhea-AI Filing Summary
L1 Capital Global Opportunities Master Fund, Ltd. reports beneficial ownership of 1,609,686 Elong Power Holding Ltd. Class A Ordinary Share securities, representing 9.99% of the class. This position consists of 1,450,000 shares and 159,686 pre-funded warrants, all subject to a 9.99% beneficial ownership limitation, with sole voting and dispositive power over the entire amount.
The fund previously sold 280,250 Class A Ordinary Shares and 489,000 pre-funded warrants acquired on May 15, 2026. Additional holdings of 1,140,314 pre-funded warrants and warrants for 769,250 and 2,750,000 shares are not included in the reported beneficial ownership as they are subject to the same 9.99% beneficial ownership limitation. The percentage is calculated against 14,503,289 Class A Ordinary Shares outstanding, assuming no exercise of warrants.
Positive
- None.
Negative
- None.
Key Figures
Key Terms
beneficial ownership limitation regulatory
pre-funded warrants financial
Rule 13d-3 regulatory
Prospectus under Rule 424(b)(4) regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What percentage of Elong Power Holding (ELPW) is owned by L1 Capital Global Opportunities Master Fund, Ltd.?
How many Elong Power Holding (ELPW) securities does L1 Capital beneficially own and of what type?
What Elong Power Holding (ELPW) securities sold by L1 Capital are described in the disclosure?
Which additional Elong Power Holding (ELPW) warrants held by L1 Capital are excluded from the reported stake?
AI-generated analysis. How Rhea-AI works. Not financial advice.