Elong Power Prices 2.4M Unit Public Offering at $3.16 Each
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 02 2026
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Should l Buy ELPW?
Elong Power announced the pricing of its underwritten public offering of 2.4M units on a firm commitment basis, at a price of $3.16 per unit. The offering is expected to close on February 3. Maxim Group is acting as the exclusive underwriter.
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Analyst Views on ELPW
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.
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- Warrant Terms: Each unit consists of one ordinary share and a common warrant, which can be exercised immediately at an exercise price of $3.16, with future adjustments reducing the price to 70% and 50%, respectively, which is expected to attract more investor participation and enhance shareholder value.
- Underwriter Selection: Maxim Group LLC acted as the exclusive underwriter, providing professional support to ensure a smooth issuance process, while Ortoli Rosenstadt LLP and Pryor Cashman LLP served as legal counsel to the company, ensuring compliance and legal security throughout the offering.
- Market Response and Outlook: The successful completion of the offering following SEC registration indicates strong market confidence in Elong Power, which will aid the company's ongoing development in the electric vehicle and energy storage sectors, further solidifying its market position.
See More
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- Warrant Details: Each unit consists of one Class A ordinary share and a common warrant, which can be exercised immediately at an exercise price of $3.16, with future adjustments based on market conditions, thereby increasing potential returns for investors.
- Underwriter Selection: Maxim Group LLC acted as the exclusive underwriter, providing professional support to ensure the offering's success, while Ortoli Rosenstadt LLP and Pryor Cashman LLP served as legal counsel for the company and underwriter, respectively, ensuring compliance with regulations.
- Market Response: The successful completion of this offering signifies Elong Power's ongoing development in high-power battery technology, which is expected to further enhance its competitiveness in the alternative energy vehicle and energy storage system markets.
See More
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- Commodity Market Dynamics: Despite the stock market rally, oil prices fell by 5% to $61.98, with gold and silver also declining by 0.9% and 0.6% respectively, reflecting a preference for risk assets in the market.
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