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Batteries

Elong Power Receives Notice from Nasdaq Listing Qualifications Department

Strategic Insights

— 2 min read

Elong Power Holding Limited, a provider of high power battery technologies, announced that it had received a notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC stating that it no longer complied with Nasdaq Listing Rule 5250(c)(1) due to not filing its Form 20-F for the fiscal year ended December 31, 2024. The company has 60 calendar days to submit a plan to regain compliance, which may be accepted and grant an exception of up to 180 calendar days, or until October 17, 2025. Failure to comply may result in delisting from Nasdaq.

Key Takeaways:

  • Elong Power Holding Limited received a notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC due to not filing its Form 20-F for the fiscal year ended December 31, 2024.
  • The company has 60 calendar days to submit a plan to regain compliance with Nasdaq Listing Rule 5250(c)(1).
  • The company has the opportunity to appeal the decision to a Nasdaq Hearings Panel if the plan is not accepted.
  • If Nasdaq accepts the company's plan, it may grant an exception of up to 180 calendar days, or until October 17, 2025.
  • The listing of the company's Ordinary Shares will continue to trade uninterrupted under the symbol "ELPW" but may be at risk of delisting if compliance is not regained.
  • Elong Power is working diligently on the Form 20-F and intends to file it within the specified time period.
  • The company's Chairwoman and CEO, Ms. Xiaodan Liu, leads Elong Power, which has a comprehensive product and technology system for high-power lithium-ion batteries and energy storage systems.
  • Elong Power offers advanced energy applications and full life cycle services with a wide range of products, including lithium manganese oxide and lithium iron phosphate batteries, for various scenarios.

Statistics:

  • 60 calendar days: time period for Elong Power to submit a plan to regain compliance with Nasdaq Listing Rule 5250(c)(1)
  • 180 calendar days: maximum exception period granted if Nasdaq accepts the company's plan, until October 17, 2025
  • December 31, 2024: end date of fiscal year for which the Form 20-F has not been filed
  • October 17, 2025: deadline for the exception period if Nasdaq accepts the company's plan
  • 1: number of opportunity for appeal to a Nasdaq Hearings Panel if the company's plan is not accepted

Sources:

  • Elong Power Holding Limited, "Elong Power Receives Notice from Nasdaq Listing Qualifications Department", July 14, 2025, GlobeNewswire
  • The Nasdaq Stock Market LLC, Nasdaq Listing Rule 5250(c)(1), accessed July 14, 2025
  • Securities and Exchange Commission, "Elong Power Holding Limited (ELPW)", accessed July 14, 2025
  • Elong Power Holding Limited, "About Elong Power", accessed July 14, 2025
  • Elong Power Holding Limited, "Forward-Looking Statements", July 14, 2025, GlobeNewswire

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