/C O R R E C T I O N -- Elong Power Holding Limited/
Elong Power Holding Limited (Nasdaq: ELPW) said it corrected a release on its 1-for-45 reverse share consolidation effective Aug. 10, 2026. The company stated the reverse split aims to maintain Nasdaq bid-price compliance. It also revised share-count wording, noting Class A shares will change from about 35M to about 0.78M and Class B from about 114,515 to about 2,545.
How this was made
The 30-second read
Why it matters
The key new information is the corrected share-count wording and the confirmation that the reverse split takes effect at the Nasdaq open on Aug. 10, 2026, with trading on a reverse-split-adjusted basis under the same symbol but a new CUSIP.
Market read
This is a corporate-action correction that can affect near-term trading mechanics and technical levels, but it does not introduce new operating or financial guidance.
What to watch
Watch for downstream effects on options/ETFs, broker fractional-share handling, and any temporary dislocations in liquidity or spreads on the new CUSIP date.
Background
Elong Power announced a 1-for-45 reverse split earlier today and now provides corrected details on the effective-date-related share-count language.
Ticker impact
Elong Power (ELPW) corrects the effective date mechanics for its 1-for-45 reverse split, effective Aug. 10, 2026 at Nasdaq open.
Likely short-term volatility around the Aug. 10 open, with price action largely mechanical rather than fundamental.
The release is a corporate-action correction tied to Nasdaq compliance and trading mechanics (same symbol, new CUSIP, adjusted share counts). It does not change business outlook, but it can affect liquidity, spreads, and technical levels.
Market effects
Limited. Reverse splits are idiosyncratic, though they can signal ongoing Nasdaq bid-price pressure for small-cap battery/EV supply-chain names.
Minimal. The action is Nasdaq-specific for a Cayman-incorporated issuer.
Low. No cross-border deal, regulation, or macro linkage beyond listing compliance.
Counterpoint
The correction may be viewed as administrative, so traders may fade any pre-effective volatility rather than treat it as a signal of worsening fundamentals.
Key entities
- companyElong Power Holding Limited
Nasdaq-listed battery technology provider executing a 1-for-45 reverse split to maintain Nasdaq bid-price compliance.
- venueNasdaq Stock Market
Exchange where the reverse split takes effect at the open on Aug. 10, 2026.
