{"success":true,"data":{"pressRelease":{"id":"36596","rtpr_id":"nPn36MFk8a","ticker":"ELPW","exchange":"NASDAQ","all_tickers":["ELPW"],"title":"Elong Power Holding Limited Announces Pricing of US$6.0 Million Public Offering","author":"PR Newswire","published_at":"2026-05-15T13:15:00.045Z","article_body":"Elong Power Holding Limited Announces Pricing of US$6.0 Million Public Offering\n\nPR Newswire\n\nBEIJING, May 15, 2026\n\nBEIJING, May 15, 2026 /PRNewswire/ -- Elong Power Holding Limited (Nasdaq:\nELPW) (\"Elong Power\" or the \"Company\"), a comprehensive provider dedicated to\nthe R&D, sales and scenario-oriented system solutions of lithium-ion\nbattery energy storage systems, today announced the pricing of its registered\noffering of 4,615,500 units (each, a \"Unit\"), on a best efforts basis, at an\noffering price of US$1.30 per Unit (the \"Offering\").\n\nEach Unit consists of one Class A ordinary share of the Company (or pre-funded\nwarrant in lieu thereof), with a par value of US$0.0128 per share, and one\ncommon warrant to purchase one Class A ordinary share of the Company (the\n\"Common Warrant\"). The aggregate gross proceeds from the Offering are expected\nto be approximately US$6.0 million, prior to deducting placement agent fees,\nlegal fees, administrative and other offering-related expenses.\n\nEach Common Warrant will be immediately exercisable upon issuance at an\ninitial exercise price of US$1.30, which is equal to the public offering price\nper Unit. The warrant exercise price is subject to customary anti-dilution\nadjustments in connection with share splits, share combinations, dividend\ndistributions, subsequent equity sale and other corporate restructurings. The\nwarrants will expire on the third anniversary of the issuance date.\n\nThe closing of the Offering is currently expected to take place on May 18,\n2026, subject to the satisfaction of customary closing conditions set forth in\nthe Securities Purchase Agreements and related transaction documents. The\nCompany intends to use the net proceeds from the Offering for working capital\nrequirements, general corporate purposes, as well as further product iteration\n& development and production capacity expansion.\n\nMaxim Group LLC is acting as the sole placement agent for the Offering. Ortoli\nRosenstadt LLP is acting as U.S. securities counsel to the Company, and Pryor\nCashman LLP is acting as U.S. securities counsel to the placement agent, in\nconnection with the Offering.\n\nThe Company's Registration Statement on Form F-1 (File No. 333-295783) was\nfiled with the U.S. Securities and Exchange Commission (SEC) and declared\neffective on May 14, 2026. The Offering is being made exclusively by means of\na prospectus contained within the effective F-1 registration statement, copies\nof which may be obtained by contacting Maxim Group LLC, at 300 Park Avenue,\n16th Floor, New York, NY 10022, attention: Syndicate Department, or by\ntelephone at (212) 895-3745 or by email at syndicate@maximgrp.com\n(mailto:syndicate@maximgrp.com) . Copies of the registration statement can be\naccessed through the SEC website at www.sec.gov (http://www.sec.gov/) .\n\nThis press release is for informational purposes only and does not constitute\nan offer to sell or a solicitation of an offer to buy any securities. No\noffering, sale or solicitation shall be permitted in any jurisdiction where\nsuch offering or sale would be unlawful prior to registration, exemption or\nqualification under the local securities laws of such jurisdiction.\n\nAbout Elong Power\n\nElong Power Holding Limited is an exempted company incorporated under the laws\nof the Cayman Islands. Adhering to its development strategy of \"Asset-Light,\nR&D-Intensive, AI + Energy Storage, Global Scenario Layout\", the Company\nfocuses on lithium battery energy storage system core business, with strategic\nlayout covering overseas residential & commercial and industrial (C&I)\nenergy storage, as well as grid-side energy storage in China. The Company is\ncommitted to delivering high-reliability, cost-effective and intelligent\nenergy storage system solutions to global customers. Elong Power is chaired\nand led by Ms. Xiaodan Liu as Chief Executive Officer.\n\nForward-looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nSection 27A of the Securities Act of 1933 and Section 21E of the Securities\nExchange Act of 1934. These forward-looking statements are subject to\nsubstantial risks and uncertainties that may cause actual results, performance\nor achievements to differ materially from those expressed or implied,\nincluding without limitation: the Company's ability to complete the Offering\nin accordance with the expected timeline and terms; satisfaction of closing\nconditions; the planned use and actual deployment of net proceeds; adverse\nchanges in global market conditions and capital market sentiment; risks\nrelating to the Company's business strategy adjustment and asset optimization;\nthe ability to maintain the Company's Nasdaq listing status; changes in\nindustry policies and regulatory rules; future capital financing needs; and\nother risk factors disclosed in the Company's periodic filings and subsequent\nsubmissions with the SEC, including its Annual Report on Form 20-F. All\nforward-looking statements speak only as of the date of this press release,\nand the Company undertakes no obligation to publicly update or revise any\nforward-looking statements except as required by applicable law.\n\nInvestor & Media Contact\nElong Power Investor Relations\nEmail: ir@elongpower.com (mailto:ir@elongpower.com)\n\nView original\ncontent:https://www.prnewswire.com/news-releases/elong-power-holding-limited-announces-pricing-of-us6-0-million-public-offering-302773574.html\n(https://www.prnewswire.com/news-releases/elong-power-holding-limited-announces-pricing-of-us6-0-million-public-offering-302773574.html)\n\nSOURCE Elong Power Holding Limited\n\n\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn36MFk8a","title":"Elong Power Holding Limited Announces Pricing of US$6.0 Million Public Offering","author":"PR Newswire","ticker":"ELPW","created":"2026-05-15T13:15:00.045Z","tickers":["ELPW"],"exchange":"NASDAQ","article_body":"Elong Power Holding Limited Announces Pricing of US$6.0 Million Public Offering\n\nPR Newswire\n\nBEIJING, May 15, 2026\n\nBEIJING, May 15, 2026 /PRNewswire/ -- Elong Power Holding Limited (Nasdaq:\nELPW) (\"Elong Power\" or the \"Company\"), a comprehensive provider dedicated to\nthe R&D, sales and scenario-oriented system solutions of lithium-ion\nbattery energy storage systems, today announced the pricing of its registered\noffering of 4,615,500 units (each, a \"Unit\"), on a best efforts basis, at an\noffering price of US$1.30 per Unit (the \"Offering\").\n\nEach Unit consists of one Class A ordinary share of the Company (or pre-funded\nwarrant in lieu thereof), with a par value of US$0.0128 per share, and one\ncommon warrant to purchase one Class A ordinary share of the Company (the\n\"Common Warrant\"). The aggregate gross proceeds from the Offering are expected\nto be approximately US$6.0 million, prior to deducting placement agent fees,\nlegal fees, administrative and other offering-related expenses.\n\nEach Common Warrant will be immediately exercisable upon issuance at an\ninitial exercise price of US$1.30, which is equal to the public offering price\nper Unit. The warrant exercise price is subject to customary anti-dilution\nadjustments in connection with share splits, share combinations, dividend\ndistributions, subsequent equity sale and other corporate restructurings. The\nwarrants will expire on the third anniversary of the issuance date.\n\nThe closing of the Offering is currently expected to take place on May 18,\n2026, subject to the satisfaction of customary closing conditions set forth in\nthe Securities Purchase Agreements and related transaction documents. The\nCompany intends to use the net proceeds from the Offering for working capital\nrequirements, general corporate purposes, as well as further product iteration\n& development and production capacity expansion.\n\nMaxim Group LLC is acting as the sole placement agent for the Offering. Ortoli\nRosenstadt LLP is acting as U.S. securities counsel to the Company, and Pryor\nCashman LLP is acting as U.S. securities counsel to the placement agent, in\nconnection with the Offering.\n\nThe Company's Registration Statement on Form F-1 (File No. 333-295783) was\nfiled with the U.S. Securities and Exchange Commission (SEC) and declared\neffective on May 14, 2026. The Offering is being made exclusively by means of\na prospectus contained within the effective F-1 registration statement, copies\nof which may be obtained by contacting Maxim Group LLC, at 300 Park Avenue,\n16th Floor, New York, NY 10022, attention: Syndicate Department, or by\ntelephone at (212) 895-3745 or by email at syndicate@maximgrp.com\n(mailto:syndicate@maximgrp.com) . Copies of the registration statement can be\naccessed through the SEC website at www.sec.gov (http://www.sec.gov/) .\n\nThis press release is for informational purposes only and does not constitute\nan offer to sell or a solicitation of an offer to buy any securities. No\noffering, sale or solicitation shall be permitted in any jurisdiction where\nsuch offering or sale would be unlawful prior to registration, exemption or\nqualification under the local securities laws of such jurisdiction.\n\nAbout Elong Power\n\nElong Power Holding Limited is an exempted company incorporated under the laws\nof the Cayman Islands. Adhering to its development strategy of \"Asset-Light,\nR&D-Intensive, AI + Energy Storage, Global Scenario Layout\", the Company\nfocuses on lithium battery energy storage system core business, with strategic\nlayout covering overseas residential & commercial and industrial (C&I)\nenergy storage, as well as grid-side energy storage in China. The Company is\ncommitted to delivering high-reliability, cost-effective and intelligent\nenergy storage system solutions to global customers. Elong Power is chaired\nand led by Ms. Xiaodan Liu as Chief Executive Officer.\n\nForward-looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nSection 27A of the Securities Act of 1933 and Section 21E of the Securities\nExchange Act of 1934. These forward-looking statements are subject to\nsubstantial risks and uncertainties that may cause actual results, performance\nor achievements to differ materially from those expressed or implied,\nincluding without limitation: the Company's ability to complete the Offering\nin accordance with the expected timeline and terms; satisfaction of closing\nconditions; the planned use and actual deployment of net proceeds; adverse\nchanges in global market conditions and capital market sentiment; risks\nrelating to the Company's business strategy adjustment and asset optimization;\nthe ability to maintain the Company's Nasdaq listing status; changes in\nindustry policies and regulatory rules; future capital financing needs; and\nother risk factors disclosed in the Company's periodic filings and subsequent\nsubmissions with the SEC, including its Annual Report on Form 20-F. All\nforward-looking statements speak only as of the date of this press release,\nand the Company undertakes no obligation to publicly update or revise any\nforward-looking statements except as required by applicable law.\n\nInvestor & Media Contact\nElong Power Investor Relations\nEmail: ir@elongpower.com (mailto:ir@elongpower.com)\n\nView original\ncontent:https://www.prnewswire.com/news-releases/elong-power-holding-limited-announces-pricing-of-us6-0-million-public-offering-302773574.html\n(https://www.prnewswire.com/news-releases/elong-power-holding-limited-announces-pricing-of-us6-0-million-public-offering-302773574.html)\n\nSOURCE Elong Power Holding Limited\n\n\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-05-15T13:15:00.103051449Z","server_sent_at_ms":1778850900103},"received_at":"2026-05-15T13:15:00.184Z","source_url":"https://www.prnewswire.com/news-releases/elong-power-holding-limited-announces-pricing-of-us6-0-million-public-offering-302773574.html"},"analysis":{"id":"26043","press_release_id":"36596","analysis_json":{"industry":{"label":"Electrical Equipment","sector":"Industrials"},"redFlags":["Use of proceeds includes 'working capital' and 'general corporate purposes', suggesting liquidity needs.","Offering includes warrants exercisable at the same price as the shares, creating immediate dilution potential."],"eventType":"offering","narrative":"Elong Power Holding Limited priced a registered public offering of 4,615,500 units at $1.30 per unit, generating gross proceeds of approximately $6.0 million.\n\nEach unit consists of one Class A ordinary share (or pre-funded warrant) and one common warrant exercisable at $1.30, expiring in three years.\n\nThe company intends to use net proceeds for working capital, general corporate purposes, and product development, with closing expected on May 18, 2026.","sentiment":"bearish","agentHooks":{"shouldPost":true,"suggestedAngle":"ELPW raises $6M via dilutive unit offering; warrants add immediate overhang."},"keyFigures":{"dealValueUsd":6000000,"offeringPrice":1.3,"sharesOffered":4615500,"customDimensions":{"warrant_expiry":"3 years from issuance","warrant_exercise_price":1.3}},"quotedText":"The Company intends to use the net proceeds from the Offering for working capital requirements, general corporate purposes, as well as further product iteration & development and production capacity expansion.","namedEntities":{"people":[{"name":"Xiaodan Liu","role":"CEO"}],"products":[],"companies":[{"name":"Elong Power Holding Limited","ticker":"ELPW","relationship":"filer"},{"name":"Maxim Group LLC","relationship":"placement agent"},{"name":"Ortoli Rosenstadt LLP","relationship":"legal counsel"},{"name":"Pryor Cashman LLP","relationship":"legal counsel"}],"dollarAmounts":[{"amount":"US$6.0 million","context":"aggregate gross proceeds"},{"amount":"US$1.30","context":"offering price per Unit"},{"amount":"US$0.0128","context":"par value per share"}]},"materialImpact":{"score":3,"reasoning":"The company is raising $6.0 million via a registered public offering of units (shares + warrants) at $1.30. While the absolute dollar amount is modest, the inclusion of warrants creates immediate dilution risk, and the use of proceeds for 'working capital' and 'general corporate purposes' signals potential liquidity constraints. The small size prevents a score of 4 or 5, but it is a material dilutive event for a small-cap issuer."},"tickerRelevance":{"others":[],"primary":"ELPW"},"globalImportance":15,"audienceRelevance":10,"eventTypeSecondary":["dilution"],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"dilutive_offering","householdBrandBoost":0,"marketCapAdjustment":"low"}},"event_type":"offering","event_type_secondary":["dilution"],"sentiment":"bearish","material_impact_score":3,"narrative":"Elong Power Holding Limited priced a registered public offering of 4,615,500 units at $1.30 per unit, generating gross proceeds of approximately $6.0 million.\n\nEach unit consists of one Class A ordinary share (or pre-funded warrant) and one common warrant exercisable at $1.30, expiring in three years.\n\nThe company intends to use net proceeds for working capital, general corporate purposes, and product development, with closing expected on May 18, 2026.","key_figures":{"dealValueUsd":6000000,"offeringPrice":1.3,"sharesOffered":4615500,"customDimensions":{"warrant_expiry":"3 years from issuance","warrant_exercise_price":1.3}},"named_entities":{"people":[{"name":"Xiaodan Liu","role":"CEO"}],"products":[],"companies":[{"name":"Elong Power Holding Limited","ticker":"ELPW","relationship":"filer"},{"name":"Maxim Group LLC","relationship":"placement agent"},{"name":"Ortoli Rosenstadt LLP","relationship":"legal counsel"},{"name":"Pryor Cashman LLP","relationship":"legal counsel"}],"dollarAmounts":[{"amount":"US$6.0 million","context":"aggregate gross proceeds"},{"amount":"US$1.30","context":"offering price per Unit"},{"amount":"US$0.0128","context":"par value per share"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-05-15T13:15:26.466Z","global_importance":15,"audience_relevance":10,"importance_components":{"tickerTier":"small-cap","eventGravity":"dilutive_offering","householdBrandBoost":0,"marketCapAdjustment":"low"}},"durationMs":26262,"modelName":"george-droid-qwen-72b"}}