Corporate ActionJul 21, 2026, 06:31 AM
Elong Power Adjusts May Common Warrant Exercise Price to $0.2333
AI Summary
Elong Power Holding Limited announced the adjustment of the exercise price for its May Common Warrants. This adjustment was triggered by a subsequent July Offering, which was priced significantly lower than the May Offering. The new exercise price for the May Common Warrants is now US$0.2333 per share, reduced from the initial US$1.30 per share.
Key Highlights
- May Offering completed on May 18, 2026, at US$1.30 per unit.
- May Offering included 1,631,250 Class A ordinary shares and 2,984,250 pre-funded units.
- 4,115,500 May Common Warrants outstanding with initial exercise price of US$1.30.
- July Offering completed on July 13, 2026, at US$0.40 per unit.
- July Offering included 7,975,000 Class A ordinary shares and 8,525,000 pre-funded units.
- July Offering constituted a Subsequent Equity Sale under May Common Warrants.
- Exercise price of May Common Warrants adjusted to US$0.2333 per share.
Price Impact
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