Elong Power Holding Limited Class A Ordinary Shares (ELPW)

Elong Power Holding Ltd. (ELPW) has adjusted its common warrants following a 45-for-1 share consolidation implemented in August 2026. The exercise price for the warrants has been reset to $3.80 per share, and the number of underlying Class A Ordinary Shares adjusted to approximately 3,193,862, effective August 17, 2026. These changes were made according to anti-dilution provisions to maintain the aggregate exercise price from the original issuance dates.

Elong Power Holding Limited (ELPW) has filed an amended report to correct the record date for its extraordinary general meeting (EGM) to July 28, 2026, and the meeting time to August 27, 2026, at 10:00 a.m. Beijing Time. Shareholders will vote on ratifying a 45-for-1 share consolidation, an extensive authorized capital increase, a share capital reduction, and a flexible further share consolidation to maintain Nasdaq's minimum bid price requirement. The company emphasizes that while the 45-for-1 consolidation was board-approved to take effect August 10, 2026, its legal acceptance in the Cayman Islands is not guaranteed, making shareholder ratification crucial.

Certain Class B Ordinary Shares of Elong Power Holding Limited are under a lock-up agreement set to expire on August 17, 2026. This agreement spans 91 days, beginning May 18, 2026, and prevents the company's directors and executive officers from selling or disposing of these shares without prior consent from the Placement Agent. A similar lock-up agreement for Class A Ordinary Shares also ends on the same date.

Certain Class A Ordinary Shares of Elong Power Holding Limited are under a 91-day lock-up agreement, starting from May 18, 2026, and ending on August 17, 2026. This agreement restricts the company's directors and executive officers from selling or disposing of their beneficially owned Class A ordinary shares without the placement agent's consent. The lock-up period commenced with the closing of a recent offering.

Elong Power (ELPW) is calling for an extraordinary general meeting on August 27, 2026, to approve a complex overhaul of its capital structure and governance. Key proposals include ratifying a 45-for-1 share consolidation, significantly altering authorized share capital, and implementing conditional "Further Share Consolidations" at various ratios (10:1, 20:1, 50:1, or 80:1) triggered by specific price ranges to comply with Nasdaq's minimum bid price rule. Shareholders will also vote on amendments to the company's memorandum and articles of association to reflect these changes and other administrative matters.