BEIJING, March 9, 2026, 23:44 GMT+8
- Elong Power’s 1-for-80 share consolidation is set to kick in on March 12.
- This targets a specific Nasdaq rule dealing with ultra-low share prices.
- Shares are changing hands for only a few cents each.
Elong Power Holding Limited plans to implement its 1-for-80 reverse stock split at the opening bell on March 12.
The company is pitching the step as a necessary play to satisfy Nasdaq’s minimum bid-price rule. Elong Power shares finished Monday at $0.0535, gaining roughly 19%. The stock bounced around from $0.045 to $0.0882 during the session.
A reverse split pulls outstanding shares together, trading them for a smaller number priced higher—but the company’s total market value doesn’t budge on paper. Firms usually turn to this move when their stock price tumbles so low that they face delisting threats, pushing some investors out.
The company plans to consolidate its shares, exchanging every 80 Class A and Class B shares for a single share. That move slashes its outstanding shares to around 0.79 million—down from about 63 million. No fractional shares will be handed out. Investors with brokerage accounts won’t need to do anything, according to the company.
Elong Power plans to keep its shares listed under the “ELPW” ticker. What’s changing: the company’s CUSIP number, that security code used for clearing and settlement purposes.
The company says it makes high-power lithium-ion batteries for both electric vehicles and construction machinery, and also produces longer-cycle batteries aimed at energy storage systems. Chairwoman and CEO Xiaodan Liu is at the helm.
Elong Power is stepping into a packed field, with lesser-known battery and energy-storage players like Microvast and Dragonfly Energy—both Nasdaq-listed—already vying for investors’ eyes.
Reverse splits aren’t always a fix. While they might help stabilize a stock’s listing, they usually hint at trouble—and the bumped-up price after the split often slips again if the core business fails to pick up.
Elong Power faces a near-term hurdle: its post-split shares need to stay above Nasdaq’s minimum, and trading must remain stable while the adjusted share count and new pricing settle in.
