Elong Power Holding Limited

Impact: Elong Power completed a $6.6M public offering, issuing units with shares and warrants. The funds will support working capital and expansion, but dilution may weigh on stock.

Impact: Issued 11.47 million units at $0.12, raising $1.38 million gross. The capital will support working capital and expansion, but the small raise and low price reflect a challenging capital environment.

Impact: Elong Power is the company executing the reverse split to regain compliance with Nasdaq's minimum bid price rule. The action reduces its share count from about 23 million to 0.51 million, potentially stabilizing its listing status.