Jul. 21 at 11:55 AM
$ELPW I just finished reviewing Elong's new 6-K filing. After reading it, I don't see a new offering or another dilution event. The filing simply explains the impact of the July financing on the warrants issued in May.
In May, ELPW issued 4.115M warrants with a
$1.30 exercise price. Those warrants contained an anti-dilution clause, meaning a future financing below
$1.30 would trigger a repricing. That's exactly what happened after the July offering at
$0.40. The new 6-K confirms the warrant exercise price has now officially been reduced to
$0.2333, based on the lowest VWAP during the adjustment period. No new warrants were issued. The dilution risk already existed—this filing simply confirms the new strike price. If exercised, those warrants would also bring additional cash into ELPW. Now it's all about execution and delivering results. This filing removes uncertainty by confirming the adjustment and doesn't introduce any new negative surprises. https://ir.elongpower.com/index.php?s=127
