Elong Power stock tumbles 50% in premarket after a one-day 3,000% surge
Elong Power shares plunged 53% to $6.49 in Monday premarket, erasing most of Friday’s 3,141% surge. The drop follows news of a registered offering for 6.67 million shares, raising concerns about dilution. The company faces an April 1, 2026 deadline to regain Nasdaq compliance. No new filings explained Friday’s spike.