Elong Power Holding-A

Elong Power shares surged 58.3% to $1.22 on heavy Nasdaq volume, following a $6 million unit offering and a 1-for-80 reverse split in March. The stock remains below the offering price.

Elong Power shares surged 72% after a lock-up on 4.2 million shares expired. The company faces supply concerns and a going-concern warning.

Elong Power shares surged 26% on heavy trading volume, as the company released its annual report showing narrowed losses and a strategic pivot to an asset-light battery storage model.