NASDAQ:ELPW 31 January 2026 - 2 February 2026

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.

Elong Power shares closed Friday at $13.94, up 3,141%, before plunging to about $3.46 after hours. The surge followed SEC approval of the company’s F-1 registration, clearing the way for a new unit-and-warrant offering. Over 16 million shares traded. Investors await pricing details and deal closure expected next week.