Financing ·
Elong Power Holding Limited entered into securities purchase agreements on July 10, 2026, to conduct a best-efforts…
ELPWElong Power Holding Ltd.
Elong Power Holding Limited entered into securities purchase agreements on July 10, 2026, to conduct a best-efforts registered offering of 7,975,000 units and 8,525,000 pre-funded units at $0.40 per unit, generating approximately $6.6 million in gross proceeds. The offering closed on July 13, 2026, with Maxim Group LLC acting as the sole placement agent. The company intends to use the net proceeds for working capital and general corporate purposes. Elong Power Holding Limited is a power holding company based in China.