TLDR
- Elong Power Holding Limited (ELPW) priced a $7.6 million public offering at $3.16 per unit with 2.4 million units sold.
- Each unit includes one Class A ordinary share (or pre-funded warrant) and one common warrant exercisable at $3.16, adjusting to 70% and 50% of initial price on days 4 and 8 post-closing.
- The offering closes February 3, 2026, with proceeds funding working capital, sales network expansion, and production capacity upgrades.
- Private equity firms own 14% of ELPW and benefited from a 2,313% stock surge that pushed market cap to $152 million.
- CEO Xiaodan Liu holds 22% of shares, making her the largest individual shareholder, with the top four shareholders controlling 54% of the company.
Elong Power Holding Limited wrapped up pricing for its latest public offering on February 2, 2026. The company sold 2.4 million units at $3.16 each, bringing in $7.6 million before fees.
Elong Power Holding Limited, ELPW
Each unit packages one Class A ordinary share with one common warrant. Buyers can also swap the share for a pre-funded warrant if they prefer.
The common warrants come with interesting terms. They’re exercisable immediately at $3.16 per share. But here’s where it gets different from typical offerings.
On the fourth trading day after closing, the exercise price drops to 70% of the original. By the eighth trading day, it falls further to 50%. The number of shares the warrants represent increases proportionally with each adjustment.
Warrant holders can also exercise at zero cost anytime after closing. When they do, they receive twice the shares they’d get from a cash exercise. No additional payment required.
The offering closes February 3, 2026. Maxim Group LLC handled underwriting duties exclusively.
Where the Money Goes
Elong Power laid out three uses for the cash. Working capital and general corporate needs top the list. The company also plans to expand its sales network by hiring personnel and developing regional channels.
Production expansion rounds out the spending plan. New equipment and facility upgrades are on the agenda.
Underwriters got a 45-day option to buy an additional 360,000 shares and 360,000 warrants. The option uses the same public offering price minus discounts and commissions.
Ownership Shake-Up Follows Stock Surge
Private equity firms now hold 14% of ELPW shares. That stake makes them the largest ownership group by category.
The timing worked out well for these firms. ELPW stock jumped 2,313% recently, pushing market cap to $152 million. Private equity scored the biggest gains from that move.
CEO Xiaodan Liu owns 22% of outstanding shares. That’s the largest individual position. The second-largest shareholder controls 12%, followed by 10% for the third.
The top four shareholders combined own 54% of the company. That concentration gives them real influence over business decisions.
The company lacks institutional investor coverage. Small, less-traded companies often see this pattern. Funds may view ELPW as too small for their portfolio requirements.
Hedge funds don’t own ELPW shares either. The general public holds 10% of the stock. Private companies control another 6%.
Insiders collectively own $13 million worth of stock in the $152 million company. That shows some alignment with shareholders but remains below what many investors prefer to see.
The registration statement for this offering received SEC approval on January 29, 2026. The final prospectus will be available through the SEC website at www.sec.gov.
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