Research analysts covering Elong Power Holding.
Recent press releases and 8-K filings for ELPW.
Elong Power Holding Limited Prices and Closes US$7.6 Million Public Offering
ELPW
- Elong Power Holding Limited priced and closed an underwritten public offering of 2,400,000 Units at US$3.16 per Unit, generating approximately US$7.6 million in gross proceeds.
- Each Unit consists of one Class A ordinary share and one common warrant to purchase one Class A ordinary share. The common warrants are exercisable immediately at an initial price of US$3.16 per share and will expire three years from issuance, with potential exercise price reductions on the 4th and 8th trading days following closing.
- The company intends to use the net proceeds for general corporate purposes, working capital, sales network expansion, and expansion of production and capacity. The underwriter also partially exercised an over-allotment option for 242,270 Common Warrants.
3 days ago
Elong Power Holding Limited Announces Closing of Public Offering
ELPW
- Elong Power Holding Limited (ELPW) announced the closing of its underwritten public offering of 2,400,000 Units at a price of US$3.16 per Unit.
- Each Unit consists of one Class A ordinary share and one common warrant, with each common warrant exercisable at US$3.16 per share and expiring three years from issuance.
- The company received total gross proceeds of approximately US$7.6 million from the offering, which it intends to use for general corporate purposes and working capital.
- The underwriter partially exercised its over-allotment option for 242,270 additional Common Warrants.
4 days ago
Elong Power Holding Limited Announces Pricing of Public Offering
ELPW
Hiring
New Projects/Investments
- Elong Power Holding Limited announced the pricing of an underwritten public offering of 2,400,000 Units at US$3.16 per Unit, expecting gross proceeds of approximately US$7.6 million.
- Each Unit consists of one Class A ordinary share (or pre-funded warrant) and one common warrant, with the offering anticipated to close on February 3, 2026.
- The company intends to use the proceeds for general corporate purposes and working capital, sales network expansion, and expansion of production and capacity.
5 days ago
Elong Power Holding Limited Announces Share Consolidation and EGM Approvals
ELPW
Proxy Vote Outcomes
Delisting/Listing Issues
- Elong Power Holding Limited implemented a sixteen (16)-for-one (1) share consolidation on December 2, 2025, with post-consolidation trading on the Nasdaq Global Market commencing on December 26, 2025.
- At an Extraordinary General Meeting held on January 6, 2026, shareholders approved increasing the voting rights attached to each Class B Ordinary Share from fifty (50) votes to two hundred (200) votes.
- Shareholders also approved changing the company's authorized share capital from US$25,000,000 to US$240,000,000, increasing the total ordinary shares from 156,250,000,000 to 1,500,000,000,000.
- The Board was authorized to implement new rounds of share consolidations with an accumulative ratio of up to 4000:1 within two years of the EGM date.
Jan 12, 2026, 10:15 PM
Elong Power Holding Limited Announces Reverse Stock Split
ELPW
Delisting/Listing Issues
Proxy Vote Outcomes
- Elong Power Holding Limited implemented a 16-for-1 reverse stock split.
- The reverse stock split was approved by shareholders on November 24, 2025, and the Company's Class A ordinary shares began trading on an adjusted basis on December 26, 2025, under the existing ticker symbol ELPW.
- This action is intended to bring the Company into compliance with Nasdaq's minimum bid price requirement of $1.00 per share.
- The split reduced the total outstanding Class A ordinary shares from approximately 61.3 million to approximately 3.8 million.
Dec 29, 2025, 11:11 AM
Elong Power Announces Reverse Stock Split
ELPW
Delisting/Listing Issues
Proxy Vote Outcomes
- Elong Power Holding Limited (ELPW) has resolved to effect a 16-for-1 reverse stock split, with adjusted trading of its Class A ordinary shares set to begin on December 26, 2026.
- The reverse stock split, approved by shareholders on November 24, 2025, is intended to bring the company into compliance with Nasdaq's minimum bid price requirement of $1.00 per share.
- This adjustment will reduce the total number of outstanding ordinary shares from approximately 61.3 million to approximately 3.8 million.
Dec 23, 2025, 12:30 PM
Elong Power Holding Ltd. Shareholders Approve All Six Proposals at Extraordinary General Meeting
ELPW
Proxy Vote Outcomes
Board Change
Auditor Change
- Shareholders of Elong Power Holding Limited approved all six proposals at the Extraordinary General Meeting held on November 24, 2025.
- The approved proposals included the re-appointment of five directors and the appointment of Enrome LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025.
- Shareholders also approved a significant increase in the authorized share capital from US$50,000 to US$25,000,000, divided into 2,500,000,000,000 ordinary shares.
- A share consolidation was approved, allowing for a ratio of not less than two (2)-for-one (1) and not more than five-hundred (500)-for-one (1).
- The adoption of the Third Amended and Restated Memorandum and Articles of Association to reflect the share capital increase and share consolidations was also approved.
Nov 25, 2025, 9:30 PM
Elong Power Holding Ltd. Reports Financial Results for Six Months Ended June 30, 2025
ELPW
Earnings
M&A
Profit Warning
- Elong Power Holding Ltd. reported a 42% decrease in revenue to $214,039 for the six months ended June 30, 2025, compared to $365,975 in the same period of 2024, primarily due to a 98% decrease in sales volume of battery spare parts and others.
- The company's net loss improved, decreasing to $(2,655,477) for the six months ended June 30, 2025, from $(3,785,383) in the prior year period.
- As of June 30, 2025, Elong Power had a net loss of $2.7 million, operating outflows of $1.6 million, negative working capital of $12.3 million, and a shareholders’ deficit of $19.4 million, which raises substantial doubt about its ability to continue as a going concern. The company plans to address this through shareholder support and seeking additional equity investment.
- The company consummated a business combination on November 21, 2024, with TMT Acquisition Corp, resulting in Elong becoming a public company listed on Nasdaq.
Nov 10, 2025, 9:46 PM
Elong Power Holding Ltd. Schedules Annual Meeting, Proposes Share Capital Increase and Reverse Stock Split to Address Nasdaq Listing Deficiency
ELPW
Delisting/Listing Issues
Proxy Vote Outcomes
Auditor Change
- Elong Power Holding Limited (ELPW) has scheduled its annual general meeting for November 24, 2025, where shareholders will vote on the re-appointment of directors and the appointment of Enrome LLP as the independent registered public accounting firm for fiscal year 2025.
- The company is proposing to significantly increase its authorized share capital from US$50,000 to US$25,000,000 by creating additional Class A and Class B Ordinary Shares.
- A key proposal includes approving one or more share consolidations (reverse stock split) at a ratio between 2-for-1 and 500-for-1. This is intended to regain compliance with the Nasdaq minimum bid price requirement of US$1.00 per share, following a non-compliance notification received on October 3, 2025, with a compliance deadline of April 1, 2026.
- The Board of Directors unanimously recommends voting "FOR" all proposals.
Nov 3, 2025, 9:15 PM
Elong Power receives Nasdaq non-compliance notification for listing rules
ELPW
Delisting/Listing Issues
- Elong Power Holding Limited (ELPW) received a Nasdaq notification on October 3, 2025, for non-compliance with listing rules regarding minimum bid price, Market Value of Listed Securities (MVLS), and Market Value of Publicly Held Shares (MVPHS).
- The company's closing bid price was below $1.00 per share for 30 consecutive business days, its MVLS was below $50 million, and its MVPHS was below $15 million for the same period.
- ELPW has 180 calendar days, until April 1, 2026, to regain compliance with these requirements.
- This notification is a deficiency notice and does not currently affect the listing or trading of the company's securities on Nasdaq.
Oct 9, 2025, 9:15 PM
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