Dividends & Buybacks ·
Elong Power Holding Limited completed a 45-for-1 reverse stock split effective August 10, 2026, to maintain compliance…
ELPWElong Power Holding Ltd.
Elong Power Holding Limited completed a 45-for-1 reverse stock split effective August 10, 2026, to maintain compliance with Nasdaq’s $0.10 minimum bid price requirement. The consolidation reduced outstanding Class A ordinary shares from approximately 35 million to roughly 0.78 million and increased the par value from US$0.0128 to US$0.576 per share. Warrants issued in May, July, and August 2026 were proportionally adjusted, with the exercise price reset to $4.38 per share and warrant shares reduced to approximately 2.9 million. The company operates in the power generation industry.