eLong Power amends Form 6-K filing with updated EGM proxy materials
ELPW•Share consolidation and recapitalization proposals
Key item seeks ratification of a 45-for-1 share consolidation that took effect Aug. 10, 2026, reflecting Cayman filing uncertainty.
Shareholders will also vote on a recapitalization that would lift authorized share capital to USD 288 billion, then cut par value to USD 0.0000001.
Another proposal would authorize additional reverse splits of 10-to-1 up to 80-to-1 if the Nasdaq bid price stays below USD 1.
Amended Form 6-K revises proxy materials for Aug. 27 meeting
eLong Power filed an amended Form 6-K to revise proxy materials for an extraordinary shareholder meeting scheduled for Aug. 27, 2026.
