Elong Power Holding Limited (Nasdaq: ELPW) said on Nov. 5, 2026, that it has entered into a warrant inducement agreement with certain existing institutional investors for the immediate exercise of outstanding Ordinary Shares Purchase Warrants.

Warrant Details

The Existing Warrants covered by the agreement were previously issued by the company under three securities purchase agreements:

• May 2026 Warrants — issued May 18, 2026, pursuant to a securities purchase agreement dated May 15, 2026
• July 2026 Warrants — issued July 13, 2026, pursuant to a securities purchase agreement dated July 10, 2026
• August 2026 Warrants — issued Aug. 4, 2026, pursuant to a securities purchase agreement dated Aug. 3, 2026

Under the inducement agreement, the investors have agreed to exercise certain Existing Warrants to purchase an aggregate of 1,808,803 Class A Ordinary Shares at an amended exercise price of $1.80.

Proceeds and Registration

The company expects gross proceeds from the exercises of approximately $3.26 million, prior to deducting placement agent fees and estimated offering expenses.

The Class A Ordinary Shares issuable upon exercise of the Existing Warrants are registered under registration statements on Form F-1 that were declared effective by the Securities and Exchange Commission and remain currently effective.

Company Background

Elong Power describes itself as a comprehensive provider dedicated to the research and development, sales and scenario-oriented system solutions of lithium-ion battery energy storage systems. The company is based in Beijing.