#China #NASDAQ #Beijing #Reverse Stock Split #Elong Power

Elong Power Announces Reverse Stock Split

Introduction
In a significant corporate move, Elong Power Holding Limited (Nasdaq: ELPW), a leader in high power battery technologies, has disclosed the effective date for a reverse stock split of its ordinary shares. This strategic decision was taken during a special shareholders meeting held on November 24, 2025, where the shareholders voted in favor of a 16-for-1 reverse stock split. The restructuring aims to enhance the company's standing on the Nasdaq Capital Market, ensuring compliance with its minimum bid price requirement that necessitates a listing price of at least $1.00 per share.

Details of the Reverse Stock Split
With the reverse stock split set to become effective on December 26, 2026, Elong Power will see its total outstanding shares reduced from approximately 61.3 million to around 3.8 million. This major adjustment means that every sixteen shares will merge into one, automatically simplifying the share structure and potentially bolstering the stock’s price per share in the market.

The company also amended its Memorandum of Association to correlate with this split, which includes a proportional reduction in authorized shares and an adjustment of the par value of the shares to $0.00016 post-split.

Reasons Behind the Move
Elong Power’s management has established this split as a crucial tactic not just to meet Nasdaq requirements but also to improve the overall market perception of the company. By consolidating shares, they hope to stabilize the stock price, attracting institutional investors and enhancing liquidity. Additionally, the changes will ensure that outstanding warrants and options tied to the shares will be adjusted accordingly, thereby keeping existing shareholder interests intact.

Company Overview
Elong Power, based in the Cayman Islands, is renowned for its research and development of high-power lithium-ion batteries primarily used in electric vehicles and energy storage systems. Under the leadership of Chairwoman and CEO Ms. Xiaodan Liu, Elong Power focuses on advanced energy applications, providing comprehensive solutions that include battery cells and integration systems tailored to meet various energy demands. The company’s commitment to innovation and sustainability positions it as a pivotal player in the growing renewable energy sector.

Looking Ahead
As the reverse stock split approaches, the company emphasizes its dedication to transparency and communication with its shareholders. Elong Power is optimistic that this restructuring will pave the way for enhanced financial health and shareholder value in the future. With the industry continuously evolving, the company's robust research and product offerings put it in a favorable position to continue growth and development in high-demand markets.

Conclusion
In essence, Elong Power Holding Limited is making significant strides to solidify its market standing and investor confidence through its reverse stock split. By focusing on compliance with listing standards and enhancing its share structure, Elong Power is positioning itself for a robust future in the battery technology landscape. With a commitment to innovation and sustainability, the company aims to harness its technology to meet the growing demands of energy solutions worldwide, ensuring that it remains at the forefront of the industry.