Jul. 7 at 2:58 PM
$ELPW So everyone is focused on the dilution now, but I'm looking at the bigger picture.
The current F-1 is not active yet. We still need the pricing announcement and closing before the new shares are issued.
What caught my attention is the company's history:
February offering → stock eventually recovered.
May offering → after the financing, ELPW exploded and traded above
$8 intraday during that period of extreme volatility.
Does that mean history will repeat? No.
But it also means an offering doesn't automatically kill the stock. Sometimes removing financing uncertainty becomes the catalyst, especially for low-float Nasdaq names.
If this offering prices close to the current market price and demand is strong, I wouldn't rule out another momentum run.
What's everyone expecting after pricing? 🚀 or 📉?
