#China #Beijing #Lithium Battery #Elong Power #ELPW

Elong Power Holding Limited Publishes Offering Pricing

On August 3, 2026, Elong Power Holding Limited (Nasdaq: ELPW), a prominent provider specializing in lithium-ion battery energy storage systems, officially announced the pricing details of its latest public offering. The company aims to raise approximately US$1.38 million through the issuance of 11,466,666 units, each priced at US$0.12.

Offering Details

Each unit of the offering consists of one Class A ordinary share and a common warrant to purchase an additional Class A share. This strategic move not only aligns with Elong Power's core mission of advancing energy storage capabilities but also empowers investors with immediate exercisable warrants at the offering price. This sets the initial exercise price for the warrants at US$0.12, identical to the public offering price per unit. The warrants are structured with customary anti-dilution adjustments to protect investors against future corporate actions that could impact their holdings.

Closing and Use of Proceeds

Expected to close on August 4, 2026, subject to standard closing conditions, the net proceeds of this offering are earmarked for various purposes including meeting working capital requirements, expanding corporate functions, enhancing product development, and increasing production capacity. By focusing on these areas, Elong Power is well-positioned to solidify its growth trajectory within the energy sector.

Advisory Team

Maxim Group LLC is engaged as the sole placement agent for this offering while Ortoli Rosenstadt LLP and Pryor Cashman LLP will provide legal counsel pertaining to U.S. securities regulations for both Elong Power and its placement agent, respectively.

Elong Power's registration statement on Form F-1 received approval from the Securities and Exchange Commission (SEC) on July 28, 2026, paving the way for this operation. It is essential to highlight that the offering is made exclusively through the prospectus documented within this effective registration statement. Interested parties can obtain copies by contacting Maxim Group LLC or accessing the SEC's official website.

About Elong Power

Incorporated in the Cayman Islands, Elong Power is committed to an innovative strategy that emphasizes an asset-light and research-development-intensive approach, complemented by artificial intelligence integrations in its energy storage systems. This strategy encompasses residential, commercial, and industrial energy storage across several markets globally, particularly focusing on grid-side storage solutions in China. The company's leadership under CEO Xiaodan Liu ensures continued progress toward delivering advanced, reliable, and cost-effective energy solutions.

Forward-Looking Statements

This announcement contains forward-looking statements, a category that inherently involves risks and uncertainties. Factors that could lead to actual outcomes differing significantly from those anticipated include the company's ability to finalize the offering in a timely fashion, market conditions, and the adherence to regulatory standards. Elong Power is devoted to transparency and will routinely update stakeholders as required by law or company policy, ensuring clarity around its operational progress.

Contact Information

For further inquiries regarding this offering, please reach out to Elong Power’s Investor Relations at [email protected]

In a rapidly evolving industry landscape, Elong Power Holding Limited stands poised to harness new opportunities through strategic funding initiatives and innovative product developments. The company is well on its way to making substantial contributions to energy storage solutions globally.