Elong Power Holding Limited Announces Pricing of US$7.0 Million Public Offering
Elong Power Holding Limited Announces Pricing of US$7.0 Million Public Offering is drawing significant interest across the industry.
BEIJING, Feb. 26, 2026 /PRNewswire/ -- Elong Power Holding Limited (Nasdaq: ELPW) ('Elong Power' or the 'Company'), a provider of high power battery technologies for commercial and specialty alternative energy vehicles and energy storage systems, today announced the pricing of its underwritten public offering (the 'Offering') of 21,700,000 Units on a firm commitment basis, at a price of US$0.3231 per Unit. Each Unit consists of one Class A ordinary share, par value of US$0.00016 per share (each a 'Class A Ordinary Share'), of the Company and one common warrant (each a 'Common Warrant') to purchase one Class A Ordinary Share. Gross proceeds to the Company, before deducting underwriting discounts and other offering expenses, are expected to be approximately US$7.0 million.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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