Eastern International Launches $4.5M Best-Efforts Offering at $0.36, Half the Last Sale Price
ELOG sits 96% above its 52-week low of $0.398 on light trading volume (0.3× avg).
Summary
Eastern International is selling up to 12,500,000 new shares at an assumed $0.36 — half the $0.72 last reported sale price — to raise up to $4.5 million before fees, with net proceeds of about $3.7 million.
Key Events · Financing and Capital Events · ELOG
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Best-Efforts Offering of 12.5M Shares
Up to 12,500,000 ordinary shares at an assumed $0.36 per share for gross proceeds of up to $4,500,000, placed by uSmart Capital on a reasonable best-efforts basis with no minimum amount required to close.
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Priced at Half the Last Sale
The assumed $0.36 offering price compares with a last reported sale price of $0.72 on October 30, 2026; the final price will be negotiated at pricing and may be at a discount to the market.
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Dilution to Existing Holders
Shares outstanding go from 12,832,000 to as many as 25,332,000 if the maximum is sold — the 12,500,000 new shares equal 97.4% of the current count (12,500,000 / 12,832,000).
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Fees and Net Proceeds
5% placement fee of $225,000 plus up to $100,000 expense reimbursement and a $20,000 advisory fee; net proceeds of about $3,706,150 at the assumed price, with roughly $2 million to be remitted to China for WFOE registered capital.
Analysis · ELOG · Energy & Transportation
Eastern International is raising up to $4.5 million by selling 12,500,000 new ordinary shares at an assumed $0.36 each — half the $0.72 last reported sale price on October 30, 2026 — so the deal is deeply discounted to where the stock last traded. Existing holders go from 12,832,000 shares to as many as 25,332,000 if the maximum is sold, meaning the new stock equals 97.4% of the current share count (12,500,000 / 12,832,000). The company nets only about $3.7 million after a 5% placement fee and roughly $569,000 of expenses, and roughly $2 million of that is earmarked to fund the China subsidiary's registered capital. Against a Nasdaq minimum-bid deficiency notice received September 10, 2026 and a $1.15 million net loss in fiscal 2026, this is survival capital raised on weak terms, not a growth round.
How filings like this one have moved
In the 30 days to Nov 3, 2026, 40.9% of the 1143 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.37%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ELOG was trading at $0.78 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $10M. The 52-week trading range was $0.40 to $2.83. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.