eLong Power issues 11,466,666 common warrants exercisable at US$ 0.12 in public offering
ELPW•Public offering details
eLong Power closed a best-efforts public offering issuing priced at each.
ELPW•eLong Power closed a best-efforts public offering issuing priced at each.
Each unit includes one Class A share and one common warrant exercisable immediately at US$ 0.12.
The common warrants expire three years from issuance, and the exercise price is subject to customary anti-dilution adjustments.
Gross proceeds totaled about US$ 1.38 million.