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Elong Power Faces Nasdaq Compliance Challenges

In a recent announcement made on October 9, 2025, Elong Power Holding Limited (NASDAQ: ELPW) reported significant notifications from the Nasdaq Stock Market related to non-compliance with several listing rules. These notifications stem from the company's ordinary shares closing bid price falling below $1.00 for a duration of 30 consecutive business days, which is a requirement as per Nasdaq Listing Rule 5450(a)(1).

Additionally, the company received alerts about falling below the Market Value of Listed Securities (MVLS) threshold of $50 million and the Market Value of Publicly Held Shares (MVPHS) minimum of $15 million, both crucial for maintaining its listing status under Nasdaq Listing Rules 5450(b)(2)(A) and 5450(b)(2)(C).

Notification Details

The notification letter dated October 3, 2025, was not an immediate threat of delisting but rather a notice indicating deficiencies in compliance. Elong Power affirmed that these notifications will not currently affect the trading of its securities on the Nasdaq. The company noted that, according to Nasdaq Listing Rule 5810(c)(3), they have a grace period of 180 calendar days from the notification date to remedy these issues, with a target compliance date set for April 1, 2026.

To regain compliance, Elong Power needs to ensure that its bid price reaches at least $1.00 per share for a minimum of ten consecutive trading days, alongside corresponding increases in its MVLS and MVPHS to meet Nasdaq’s listing standards.

Company Responses and Future Plans

In reaction to these challenges, Elong Power intends to closely monitor its stock performance and is committed to taking necessary measures to align with Nasdaq requirements. The company has emphasized that despite the notification, its ongoing operations and compliance with other listing standards remain unaffected. Notably, their various business activities, including reporting obligations to the U.S. Securities and Exchange Commission, continue without hindrance.

As a company devoted to the development and production of high-power lithium-ion batteries used in electric vehicles and machinery, Elong Power is guided by Ms. Xiaodan Liu, the Chairwoman and CEO. The firm prides itself on its comprehensive technology ecosystem that consists of battery cells, modules, system integration, and battery management systems, aimed at meeting diverse energy storage needs. Their product portfolio includes solutions based on lithium manganese oxide and lithium iron phosphate, tailored to high-power applications and energy storage systems.

Looking Ahead

The road ahead for Elong Power involves significant vigilance and strategic efforts to bolster its market position. The notifications serve as a call to action for the company to enhance its compliance measures to stay listed on Nasdaq premises. While forward-looking statements suggest the potential for recovery and compliance, they come with inherent risks, including fluctuations in market demand and operational challenges that could impact future projections.

In summary, while Nasdaq's notifications underscore challenges, they also present an opportunity for Elong Power to recalibrate its strategies and reaffirm its commitment to growth and innovation in the energy sector. As they strive to regain compliance, stakeholders will be closely watching the company’s market maneuvers in the coming months. Investors and interested parties will be eager to see how swiftly and effectively Elong Power can navigate these compliance hurdles and strengthen its market presence.