Elong Power Formalizes 80-for-1 Reverse Stock Split, Amends Charter with Vast Authorized Share Capital
ELPW is trading near its 52-week low of $2.05 (3.4% above the low) on light trading volume (0.2× avg).
Summary
Elong Power Holding Ltd. filed a 6-K to formalize its 80-for-1 reverse stock split, amending its corporate charter to reflect the new authorized share capital and par value.
Key Events · Corporate Governance and Compliance · ELPW
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Formalizes Reverse Stock Split
The company amended and restated its memorandum and articles of association to reflect the 80-for-1 share consolidation, which was previously disclosed on March 10, 2026.
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Updated Authorized Share Capital
The new authorized share capital is US$240,000,000, divided into 18,750,000,000 ordinary shares with a par value of US$0.0128 each. This includes 15,000,000,000 Class A ordinary shares and 3,750,000,000 Class B ordinary shares.
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Trading Near 52-Week Low
This corporate action occurs while the company's stock is trading near its 52-week low, often indicating efforts to maintain stock exchange listing compliance or address financial challenges.
Analysis · ELPW · Manufacturing
This filing formalizes the previously disclosed 80-for-1 reverse stock split by amending the company's memorandum and articles of association. The amendment reflects the adjustment of authorized ordinary shares to 18,750,000,000 with a par value of US$0.0128 each. While the reverse split itself was announced earlier, this filing provides the official implementation and details of the new corporate structure. For a company trading near its 52-week low, a reverse stock split is often a measure to meet listing requirements or improve market perception, but it typically signals underlying financial distress and is generally viewed negatively by investors. The substantial number of authorized shares also creates a significant overhang for potential future dilution.
How filings like this one have moved
In the 30 days to Sep 11, 2026, 35.7% of the 1694 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.10%. 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, ELPW was trading at $2.12 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $2.9M. The 52-week trading range was $2.05 to $10,336.00. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.