Elong Power Holding Limited Announces Pricing of US$1.38 Million Public Offering
Elong Power Holding Limited announced the pricing of its registered public offering of 11,466,666 units at US$0.12 per unit, on a best efforts basis. Each unit comprises one Class A ordinary share (or a pre-funded warrant in lieu thereof) with a par value of US$0.0128 per share, plus one common warrant to purchase one additional Class A ordinary share.
Why it matters — ELPW watchers would track this offering because it details the price, size, and structure of the company's new equity and warrant financing.