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

PUBT·05/18/2026 20:15:24

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eLong Power Holding closed a registered public offering that raised gross proceeds of about US$ 6 million.
Issued 4,615,500 units priced at US$ 1.3 per unit, each consisting of one Class A ordinary share or a pre-funded warrant in lieu, plus one common warrant.
Common warrants are immediately exercisable at US$ 1.3 per share, subject to anti-dilution adjustments, with a three-year term.
Net proceeds earmarked for working capital, general corporate purposes, product development, plus production capacity expansion.

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: 202605181615PR_NEWS_USPR_____CN61872) on May 18, 2026, and is solely responsible for the information contained therein.

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