Yakira Capital Management Inc. Makes New Investment in Elong Power Holding Limited (NASDAQ:ELPW)

Yakira Capital Management Inc. purchased a new stake in Elong Power Holding Limited (NASDAQ:ELPW) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 29,459 shares of the company’s stock, valued at approximately $39,000.

Elong Power Trading Up 7.7 %

ELPW stock opened at $0.89 on Friday. Elong Power Holding Limited has a 52 week low of $0.56 and a 52 week high of $2.38. The business’s 50-day moving average is $0.85.

About Elong Power

Elong Power Holding Ltd. engages in the research and development, manufacturing, sales and service of high-power lithium-ion batteries for electric vehicles and construction machinery, as well as large-capacity, long-cycle lithium-ion batteries for energy storage systems. The company was founded on August 18, 2023 and is headquartered in Ganzhou, China.