Elong Power Holding Ltd.

Snapshot

Elong Power is a tiny Chinese battery/energy-storage company that just pivoted to an asset-light model. FY 2025 revenue was $2.1M with only 0.6% gross margin, and the company lost $5.6M while burning $2.8M in free cash flow.

What's Happening Right Now

• Wed 28th Oct '26 · New contract: On Oct 28, 2026, Elong Power's Hong Kong subsidiary signed a one-year, US$25.5 million omnichannel distribution agreement for smart electronics and energy storage products, and delivered an initial US$0.84 million batch of goods; the counterparty is unnamed and margin isn't disclosed.
• Fri 16th Oct '26 · Corporate reorganization: Elong Power called an Oct 30, 2026 shareholder vote to deregister from the Cayman Islands and re-domicile as a BVI company, a jurisdictional change the company says does not alter the underlying business; Class B holders effectively control the vote.
• Thu 10th Sep '26 · Dilution filing: On Sep 10, 2026, Elong Power filed a 424B3 registering resale of up to 2.58 million Class A shares issuable from 2026 warrants, with the exercise price reset to $4.34 after the 45-for-1 split, well above the recent trading price.
• Thu 3rd Sep '26 · Registration: Registered 2.58M shares for sale on Form S-1.
• Tue 4th Aug '26 · Offering: Raised $1.38M in gross proceeds through a registered direct offering, with warrants over 255K shares.
• Wed 22nd Jul '26 · Registration: Registered additional securities for sale on Form S-1.