Elong Power Stock Jumps 72% As Lock-Up Expiry Puts ELPW Share Supply In Focus

Elong Power Holding Limited’s Nasdaq-listed shares jumped about 72% in Monday midday trading, with volume above 32 million shares, as investors weighed a fresh lock-up expiry report for the battery-energy storage company. MarketScreener, citing S&P Capital IQ, reported that restrictions ended May 4 on 3,844,867 Class A ordinary shares and 361,090 Class B ordinary shares.

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