Elong Power Executes 16-for-1 Reverse Stock Split, Reducing Shares to 3.8 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: PRnewswire
- Reverse Stock Split Decision: Elong Power received shareholder approval on November 24, 2025, to execute a 16-for-1 reverse stock split, effective December 26, 2026, aimed at boosting share price to meet Nasdaq's minimum listing requirements.
- Capital Adjustment: Following the reverse split, Elong Power's outstanding shares will decrease from approximately 61.3 million to about 3.8 million, which will help improve earnings per share metrics and enhance investor confidence.
- Authorized Shares Modification: The company also amended its Memorandum of Association to proportionately reduce the number of authorized shares and adjust the post-split par value to $0.00016 per share, aligning with the new capital structure.
- Compliance Enhancement: This reverse stock split is a critical measure for Elong Power to maintain its Nasdaq listing, adhering to the requirement of a minimum $1.00 per share, thereby aiming to strengthen its market competitiveness.
ELPW
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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. The Company’s product portfolio includes products utilizing lithium manganese oxide and lithium iron phosphate, among others, to meet the needs of high-power applications and energy storage applications in various scenarios. The Company’s products are used for electric vehicles and construction machinery, as well as large-capacity, long-cycle lithium-ion batteries for energy storage systems.
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.
