Elong Power receives Nasdaq notification of non-compliance

* Elong Power Holding Limited (NASDAQ:ELPW [https://seekingalpha.com/symbol/ELPW]) on Thursday said that it has received a notification from Nasdaq regarding non-compliance with several listing rules.
* The company’s ordinary shares have traded below the minimum closing bid price of $1.00 per share for 30 consecutive business days, in violation of Nasdaq Listing Rule 5450[a][1].
* Additionally, the company’s Market Value of Listed Securities (MVLS) has fallen below the required $50 million under Nasdaq Listing Rule 5450[b][2][A], and its Market Value of Publicly Held Shares (MVPHS) is below the minimum $15 million as per Nasdaq Listing Rule 5450[b][2][C].
* The notification does not affect the company's listing or trading on Nasdaq at this time.
* Elong Power has until April 1, 2026, to regain compliance with the bid price, MVLS, and MVPHS requirements.
* The company intends to monitor these metrics and take appropriate actions to meet Nasdaq’s continued listing standards.
* ELPW -1.00% after hours to $0.4222.
* Source: Press Release [https://seekingalpha.com/pr/20261637-elong-power-receives-nasdaq-notification-of-non-compliance-with-listing-rules-5450-a-1-5450-b]

MORE ON ELONG POWER HOLDING LIMITED

* Financial information for Elong Power Holding Limited [https://seekingalpha.com/symbol/ELPW/income-statement]