Dividends & Buybacks ·
Elong Power Holding Limited filed an amendment to correct record and meeting dates for its Extraordinary General…
ELPWElong Power Holding Ltd.
Elong Power Holding Limited filed an amendment to correct record and meeting dates for its Extraordinary General Meeting scheduled for August 27, 2026. The company seeks shareholder ratification of a 45-for-1 reverse stock split effective August 10, 2026, which consolidates shares from a US$0.0128 to US$0.576 par value. Proposals also include increasing authorized share capital to 500 billion shares and executing a complex capital reduction and reorganization to lower the par value to US$0.0000001. Additionally, shareholders are voting on conditional authority for future reverse splits ranging from 10-to-1 up to 80-to-1 if the stock price falls below specific thresholds, aimed at maintaining Nasdaq listing compliance. Elong Power Holding Limited operates in the renewable energy sector, specializing in solar power solutions.