eLong Power prices US$6 million follow-on offering at US$1.3 per unit

PUBT·05/15/2026 13:15:23

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eLong Power Holding priced a best-efforts public offering of 4,615,500 units at US$ 1.3 per unit, targeting gross proceeds of about US$ 6 million.
Each unit includes one Class A ordinary share or a pre-funded warrant, plus one common warrant exercisable immediately at US$ 1.3.
Common warrants expire three years from issuance, with exercise price subject to customary anti-dilution adjustments.
Closing expected May 18, 2026; net proceeds earmarked for working capital, general corporate purposes, product development, and capacity expansion.
Maxim Group acting as sole placement agent.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. eLong Power Holding Ltd. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202605150915PR_NEWS_USPR_____CN59718) on May 15, 2026, and is solely responsible for the information contained therein.

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