Elong Power Holding Limited Announces Closing of US$6.0 Million Public Offering

BEIJING, May 18, 2026 /PRNewswire/ -- Elong Power Holding Limited (Nasdaq: ELPW) ("Elong Power" or the "Company"), a comprehensive provider dedicated to the R&D, sales and scenario-oriented system solutions of lithium-ion battery energy storage systems, today announced the closing of its previously announced registered public offering conducted on a best-efforts basis. The Company issued an aggregate of 4,615,500 units (each, a "Unit") at an offering price of US$1.30 per Unit (the "Offering").