Orca Capital reports 9.9% Elong Power Holding Limited (ELPW) stake
Rhea-AI Filing Summary
Orca Capital, a German entity, reports beneficial ownership of 1,450,000 Class A Ordinary Shares of Elong Power Holding Limited, representing 9.9% of the class. Orca Capital holds sole voting and sole dispositive power over all of these shares, with no shared power.
The 9.9% ownership percentage is calculated based on 14,503,289 ordinary shares outstanding immediately after completion of the issuer's registered offering. This calculation excludes 1,300,000 shares issuable upon exercise of pre-funded warrants and 2,750,000 shares issuable upon exercise of common warrants, which are subject to a 4.99% Blocker that prevents warrant exercises taking Orca Capital above 4.99% of outstanding common stock.
Positive
- None.
Negative
- None.
Filing Explained
Orca Capital reports a 9.9% post-offering stake, while warrant shares remain excluded and subject to a 4.99% exercise blocker.
The July 13 Schedule 13G reports that Orca Capital beneficially owns
The filing bases that percentage on
Those warrants are subject to a stated
Key Figures
Key Terms
beneficially owned regulatory
Sole Voting Power regulatory
Sole Dispositive Power regulatory
pre-funded warrants financial
common warrants financial
4.99% Blocker regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.