eLong Power Announces Share Consolidation Plan

Written by Emily J. Thompson, Senior Investment Analyst

Source: PRnewswire

Updated: Mar 06 2026

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ELPW-10.08%

Should l Buy ELPW?

Source: PRnewswire

eLong Power Holding Ltd's shares surged 36.75% in pre-market trading as the stock crossed above its 5-day SMA.

The company announced a share consolidation plan at a ratio of 1 for 80, effective March 12, 2026, aimed at complying with Nasdaq listing rules to maintain a closing bid price above $0.10. This move is expected to enhance earnings per share and improve market perception, thereby boosting investor confidence. Shareholders approved the plan at an extraordinary general meeting on January 6, 2026, allowing for multiple consolidations within two years, which reflects strong support for corporate governance.

This consolidation is anticipated to significantly reduce the number of outstanding shares from approximately 63 million to about 790,000, which could improve the company's market liquidity and attract more investors, despite the challenges faced over the past year.

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About ELPW

eLong Power Holding Ltd is a holding company principally engaged in the research and development, manufacturing, sales, and service of high-power lithium-ion batteries and related systems. The Company’s main businesses include the production of high-power lithium-ion batteries for electric vehicles and construction machinery, as well as large-capacity, long-cycle lithium-ion batteries for energy storage systems. The Company’s product and technology system covers battery cells, modules, system integration, and battery management system (BMS) development. The Company’s product portfolio includes lithium manganese oxide and lithium iron phosphate batteries and others, designed for high-power applications and energy storage scenarios.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

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