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-0.0288713910761154 -0.0157480314960631 -0.173228346456693 -0.170603674540682 -0.225721784776903 0.0708661417322833 -0.224409448818898 -0.253280839895013
Stock impact report

Elong Power Holding Limited Announces 1 for 80 Share Consolidations

Elong Power Holding Limited - Class A Ordinary Shares (ELPW) 
Company Research Source: PR Newswire
BEIJING, March 6, 2026 /PRNewswire/ -- Elong Power Holding Limited (NASDAQ: ELPW) (the "Company"), a provider of high power battery technologies for commercial and specialty alternative energy vehicles and energy storage systems, today announced a share consolidation of the Company's issued and outstanding Class A ordinary shares and Class B ordinary shares at a ratio of 1 for 80 shares (the "Reverse Split"), which will take effect at the open of The Nasdaq Stock Market ("Nasdaq") on March 10, 2026.On January 6, 2026, the Company held an extraordinary general meeting of the shareholders, and the shareholders approved to implement share consolidations of the Company's Class A ordinary shares and Class B ordinary shares at any one time or multiple times, at the exact consolidation ratio and effective time as the Board may determine from time to time in its absolute discretion, provided that the accumulative consolidation ratio for all such share consolidations shall not be more than 400 Show less Read more
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