- Elong Power (ELPW, Financial) receives Nasdaq non-compliance notice for late Form 20-F filing.
- The company has 60 days to submit a compliance plan, potentially extending the deadline by 180 days.
- Failure to comply could result in delisting from Nasdaq.
Elong Power Holding Limited (NASDAQ: ELPW), a leading provider of high-power battery technologies, has been issued a notice of non-compliance from Nasdaq. This development is due to the company's failure to file its Form 20-F for the fiscal year ending December 31, 2024, in accordance with Nasdaq Listing Rule 5250(c)(1).
The company now has 60 calendar days to submit a compliance plan to Nasdaq. Should Nasdaq accept this plan, Elong Power may be granted an extension of up to 180 calendar days from the original filing deadline, extending the deadline to October 17, 2025.
Trading under the ticker "ELPW" will continue uninterrupted for now. However, if Elong Power fails to regain compliance within the stipulated time frame, it risks being delisted from Nasdaq. The company has assured stakeholders that it is working diligently to submit the Form 20-F within the specified period.
Elong Power's core business operations focus on developing high-power lithium-ion batteries for electric vehicles and energy storage systems. The company emphasizes that the notice currently does not affect the trading of its shares and is committed to resolving the issue promptly.
