The offering, conducted on a best-efforts basis, provides the company with capital earmarked for general corporate needs, working capital, and the expansion of its lithium-ion battery production capacity. Each warrant attached to the units carries a three-year expiration window and is subject to standard anti-dilution adjustments, including those triggered by share splits or future corporate restructurings.

Maxim Group LLC served as the sole placement agent for the transaction, which follows an effective registration statement filed with the U.S. Securities and Exchange Commission on July 28, 2026. Legal representation for the deal included Ortoli Rosenstadt LLP for Elong Power and Pryor Cashman LLP for the placement agent. Headed by CEO Xiaodan Liu, the Cayman Islands-incorporated firm focuses on AI-integrated energy storage solutions for residential, commercial, and industrial markets.