Elong Power has filed a prospectus with the United States Securities and Exchange Commission (SEC) to offer 40 million pre-funded units at a price of $0.25 per unit. The filing, accessible via a Form F-1 registration statement, outlines the structure and pricing of the proposed securities offering. This move marks the company's formal entry into the capital markets to raise funds through the sale of these specific financial instruments.

The pre-funded units are being offered at a fixed price of $0.25 each, providing a clear valuation for the securities being issued. The total number of units offered amounts to 40 million, representing the scale of the capital raise intended by the company. The Form F-1 serves as the primary regulatory document required for foreign private issuers to register securities with the SEC before they can be sold to the public in the United States.

Offering Details

The prospectus details the specific terms of the issuance, focusing on the pre-funded nature of the units. Below is a summary of the key financial data disclosed in the filing:

The submission of the prospectus is a necessary procedural step in the offering process, subject to review by the SEC. While the filing indicates the company's intent to raise capital, the completion of the offering is contingent upon regulatory approvals and market conditions. The document provides the statutory basis for potential investors to evaluate the opportunity.

Elong Power Holding Limited priced its registered public offering of 16,500,000 units at $0.40 per unit to raise approximately $6.6 million in gross proceeds. The offering is being conducted on a best efforts basis and is expected to close on July 13, 2026, subject to customary closing conditions. The company intends to use the net proceeds for working capital requirements, general corporate purposes, product iteration and development, and production capacity expansion. Each Unit consists of one Class A ordinary share with a par value of $0.0128 per share and one common warrant to purchase one Class A ordinary share.

Offering Details

The common warrants are exercisable immediately upon issuance at an initial exercise price of $0.40, matching the public offering price per Unit. These warrants are subject to standard anti-dilution adjustments regarding share splits, combinations, dividend distributions, and other corporate restructurings. The warrants will expire three years from the issuance date.

Company Profile

Elong Power Holding Limited is a provider focused on the R&D, sales, and scenario-oriented system solutions for lithium-ion battery energy storage systems. The company serves residential, commercial, and industrial energy storage markets outside China while also supplying grid-side energy storage projects in China. Elong Power follows an asset-light operating model and focuses on research and development, along with AI-enabled energy storage technologies. Chief Executive Officer Xiaodan Liu leads the company.