Elong Power Holding Limited (Nasdaq: ELPW) will implement a 16‑for‑1 reverse stock split effective December 26 2026. The action will consolidate every sixteen ordinary shares into one, reducing the outstanding shares from roughly 61.3 million to about 3.8 million. The company will retain the ELPW ticker and adjust the par value to $0.00016 per share.
The reverse split is intended to bring the company’s bid price back above Nasdaq’s minimum requirement of $1.00 per share. Elong Power has received several non‑compliance notices from Nasdaq in 2025, and its share price has fallen 86.5 % year‑to‑date, reaching a 52‑week low of $0.1455. The move signals a struggle to maintain listing status and reflects broader challenges in the high‑power battery market, where competition and margin pressure are intense.
Shareholder approval for the reverse split was obtained on November 24 2025, and the company filed the necessary notice with the SEC on November 3 2025. Warrants and options will be adjusted on a pro‑rata basis, and the number of authorized shares will be reduced proportionally to the new share count.
Investors reacted negatively to the announcement, underscoring concerns about Elong Power’s underlying fundamentals. Nasdaq has tightened its rules on reverse splits, and companies that fall below the $1 threshold again within a year may face immediate delisting. The reverse split is therefore a short‑term compliance measure rather than a sign of operational improvement.
The long‑term viability of Elong Power will depend on its ability to strengthen margins, regain investor confidence, and demonstrate sustainable growth in the high‑power battery segment. Without substantive improvements in revenue, profitability, and cost control, the reverse split is unlikely to reverse the company’s downward trajectory.
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