ELPW•eLong Power expects approximately $3.26 million in gross proceeds after investors agreed to exercise warrants for 1,808,803 Class A ordinary shares at $1.80 per share. The transactions are expected to close around November 6, 2026.
Investors agreed to exercise existing warrants for 1,808,803 Class A ordinary shares at an amended exercise price of $1.80 per share, which eLong Power expects to generate approximately $3.26 million in gross proceeds.
As an inducement, investors will receive new unregistered warrants for 2,713,204 Class A ordinary shares at an exercise price of $2.50 per share. The new warrants are immediately exercisable and expire three years from issuance. The transactions are expected to close around November 6, 2026, subject to customary closing conditions.
