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Elong Power approves 16-for-1 reverse stock split
2025-12-23 20:50
- Elong Power (NASDAQ:ELPW) announced on Tuesday that it will effect a 16-for-1 reverse stock split of its ordinary shares, which was approved by shareholders on November 24, 2025.
- The company's Class A ordinary shares will commence on a split-adjusted basis at the market open on December 26, 2026.
- The transaction will reduce the company’s outstanding ordinary shares from 61.3M to 3.8M.
- The company also amended its MOA to proportionately reduce the number of authorized shares and adjust the post-split par value to $0.00016 per ordinary share.
- The reverse stock split is intended to support compliance with Nasdaq Capital Market listing standards, including the minimum bid price requirement.
More on Elong Power Holding Limited
- Elong Power receives Nasdaq notification of non-compliance
- Seeking Alpha’s Quant Rating on Elong Power Holding Limited
- Financial information for Elong Power Holding Limited
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