Elong Power Holding Changes Effective Date for Share Consolidation
Elong Power Holding Limited announced a change to the effective date of its 1-for-45 share consolidation. The company provides high-power battery technologies for commercial and specialty alternative energy vehicles and energy storage systems.
BEIJING, Aug. 6, 2026 -- Elong Power Holding Limited (Nasdaq: ELPW) has announced a revision to the effective date for its planned 1-for-45 share consolidation. The company, a provider of high-power battery technologies for commercial and specialty alternative energy vehicles and energy storage systems, did not immediately specify the new effective date.
The share consolidation, also known as a reverse stock split, will reduce the number of issued and outstanding shares from 45 existing shares into one new share. This action is typically undertaken to increase the stock's per-share trading price, potentially making it more attractive to institutional investors and complying with exchange listing requirements. The total market capitalization of the company is expected to remain unchanged immediately following the consolidation.
Elong Power Holding focuses on developing and supplying advanced battery technologies for the alternative energy sector. Its products are utilized in commercial vehicles and energy storage solutions. The company stated that the adjustment to the consolidation's effective date is part of its ongoing corporate activities. Further details regarding the revised timeline are expected to be disclosed soon.
Shareholders and market observers will be monitoring Elong Power Holding for updated information on the new effective date and any subsequent impacts on the company's stock performance and market position.