Alta Partners LLC (ELPW) discloses 9.99% stake in Elong Power via warrants
Rhea-AI Filing Summary
Alta Partners LLC, a New York limited liability company, reports beneficial ownership in Elong Power Holding Ltd. Class A Ordinary Shares. Alta Partners holds warrants exercisable into 1,609,686 Class A Ordinary Shares, subject to a 9.99% beneficial ownership limitation in those warrants.
The filing states this represents 9.99% of the Class A Ordinary Shares. Alta Partners has sole voting power and sole dispositive power over all 1,609,686 shares and no shared voting or dispositive power. The report is signed by Steven Cohen, Managing Member of Alta Partners LLC.
Positive
- None.
Negative
- None.
Key Figures
Beneficially owned shares: 1,609,686 Class A Ordinary Shares
Percent of class: 9.99%
Beneficial ownership limitation: 9.99%
+3 more
6 metrics
Beneficially owned shares
1,609,686 Class A Ordinary Shares
Shares issuable upon exercise of warrants held by Alta Partners LLC
Percent of class
9.99%
Reported beneficial ownership of Elong Power Class A Ordinary Shares
Beneficial ownership limitation
9.99%
Ownership cap contained in the warrants held by Alta Partners LLC
Par value per share
US$0.0128 per share
Par value of Elong Power Class A Ordinary Shares
Sole voting power
1,609,686 shares
Shares over which Alta Partners LLC has sole voting power
Sole dispositive power
1,609,686 shares
Shares over which Alta Partners LLC has sole dispositive power
Key Terms
beneficial ownership limitation, sole voting power, sole dispositive power, beneficially owned
4 terms
beneficial ownership limitation regulatory
"after giving effect to the 9.99% beneficial ownership limitation contained in such warrants"
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.
sole voting power regulatory
"Sole power to vote or to direct the vote: 1,609,686"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
sole dispositive power regulatory
"Sole power to dispose or to direct the disposition of: 1,609,686"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
beneficially owned regulatory
"Amount beneficially owned: 1,609,686 Class A Ordinary Shares issuable upon exercise"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What percentage of Elong Power Holding Ltd. (ELPW) does Alta Partners LLC report owning?
Alta Partners LLC reports beneficial ownership of 9.99% of Elong Power Holding Ltd.'s Class A Ordinary Shares. This percentage reflects a beneficial ownership limitation in the warrants that cap ownership at 9.99% of the class.
What is the beneficial ownership limitation on Alta Partners LLC’s ELPW warrants?
The warrants held by Alta Partners LLC include a 9.99% beneficial ownership limitation. This means warrant exercises are restricted so that Alta Partners’ beneficial ownership of Class A Ordinary Shares does not exceed 9.99% of the class.
Who signed the Schedule 13G for Alta Partners LLC regarding Elong Power Holding Ltd. (ELPW)?
The Schedule 13G was signed by /s/ Steven Cohen, identified as the Managing Member of Alta Partners LLC. The signature confirms the information about Alta Partners’ beneficial ownership and authority over the reported securities.