Elong Power Stock Jumps 72% As Lock-Up Expiry Puts ELPW Share Supply In Focus
Elong Power Holding shares surged 72% in midday Nasdaq trading Monday after a lock-up expired on over 4.2 million shares. The stock opened at $4.56 and last traded at $7.59. The company recently completed a reverse split and reported a 2025 net loss of $5.57 million on $2.05 million revenue. Elong also sold subsidiaries for $10,000, citing weak battery segment performance.