Elong Power Prices Public Offering of 2.4 Million Units
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 02 2026
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Should l Buy ELPW?
Source: PRnewswire
- Offering Pricing: Elong Power successfully priced its public offering of 2.4 million units at $3.16 per unit, with gross proceeds expected to be approximately $7.6 million before underwriting discounts, demonstrating the company's appeal in the capital markets and its financing capabilities.
- Clear Use of Proceeds: The funds raised will be allocated for general corporate purposes, sales network expansion, and production capacity enhancement, including new equipment purchases and upgrades to manufacturing facilities, aimed at strengthening the company's market competitiveness and operational efficiency.
- Warrant Terms: Each Common Warrant has an exercise price of $3.16, allowing holders to exercise immediately upon issuance, and they can opt for a zero exercise price option to receive double the number of Class A Ordinary Shares, enhancing potential returns and flexibility for investors.
- Underwriter Arrangement: Maxim Group LLC acts as the exclusive underwriter, providing professional support to ensure the smooth execution of the offering, while the company has granted the underwriters a 45-day option to purchase additional shares, further bolstering market confidence.
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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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