L1 Capital (ELPW) reports 337,850 shares, 9.99% ownership
Rhea-AI Filing Summary
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.
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Key Figures
Beneficial ownership: 337,850 shares
Percent of class: 9.99%
Shares outstanding: 3,044,039 shares
+4 more
7 metrics
Beneficial ownership
337,850 shares
Amount beneficially owned by L1 Capital
Percent of class
9.99%
Percent of Class A Ordinary Shares reported
Shares outstanding
3,044,039 shares
Shares outstanding per issuer prospectus and Form 6-K
Ordinary shares in holding
280,250 shares
Class A Ordinary Shares included in 337,850 total
Pre-funded warrants (included)
57,600 warrants
Pre-funded warrants counted in 337,850 total
Additional pre-funded warrants
431,400 warrants
Pre-funded warrants disclosed but not included in the 337,850 total
Additional warrants
769,250 warrants
Warrants disclosed as subject to 9.99% limitation
Key Terms
Schedule 13G, pre-funded warrants, beneficial ownership limitation
3 terms
Schedule 13G regulatory
"Item 1. (a) Name of issuer: Elong Power Holding Ltd."
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
pre-funded warrants financial
"The amounts in Row (5), (7) and (9) represent 280,250 Class A Ordinary Shares and 57,600 pre-funded warrants"
Pre-funded warrants are financial instruments that give investors the right to purchase a company's stock at a set price, but with most or all of the purchase price paid upfront. They function like a coupon or gift card for stock, allowing investors to buy shares later at a fixed price, which can be beneficial if they want to avoid future price increases. This makes them important for investors seeking flexibility and certainty in their investment plans.
beneficial ownership limitation regulatory
"which are subject to a 9.99% beneficial ownership limitation"
A beneficial ownership limitation is a rule that caps the percentage of a company’s shares an investor can be treated as owning or controlling for voting, regulatory or tax purposes. It matters to investors because it can restrict how many shares a person or group can buy or vote, affect takeover chances, and influence share liquidity and value — like a speed limit that prevents any single driver from taking over the whole road.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What stake does L1 Capital report in Elong Power Holding Ltd. (ELPW)?
L1 Capital reports beneficial ownership of 337,850 Class A Ordinary Shares, which the filing states equals 9.99% of the class based on 3,044,039 shares outstanding per the issuer's prospectus and Form 6-K.
How is the 337,850 figure composed in the 13G filing for ELPW?
The 337,850 total is composed of 280,250 Class A Ordinary Shares and 57,600 pre-funded warrants, as stated in the filing. The filing separately discloses additional warrants and pre-funded warrants subject to ownership limits.
Does L1 Capital hold other warrants or pre-funded warrants in ELPW?
Yes. The filing notes an additional 431,400 pre-funded warrants and 769,250 warrants that are each subject to a 9.99% beneficial ownership limitation, per the statements in the filing.