Jul. 24 at 9:37 PM
$ELPW READ THE FILINGS. CONNECT THE DOTS.
* ELPW just completed a
$6.6M financing, giving the company additional working capital.
* The financing included warrants, but management has also put in place lock-up restrictions that limit insider selling for a period following the offering. (ADVFN)
* The company continues to reference its RMB 480 million (about
$67.6M USD) energy storage contract with Nengjian Henan Urban Construction Engineering. The latest filings state the project has been delayed by customer government approvals, but delivery is now expected to begin once those approvals are completed. (Stock Titan)
* If that project begins moving forward, it could represent a major validation of ELPW’s commercial pipeline.
No one knows exactly when approvals will come or when news will hit, but it appears the company has raised capital, kept highlighting the same large commercial contract, and is positioning itself to execute when approvals are received.
Not financial advice. Do your own research.
