ELong Power Holding Completes Merger With TMT Acquisition

Dow Jones2024-11-22

By Josh Beckerman

Battery-technology company eLong Power Holding completed its merger with blank-check company TMT Acquisition, with the combined company expected to start Nasdaq trading Friday under symbol ELPW.

The deal was announced in December 2023 and approved by TMT stockholders Oct. 29.

TMT shares fell 66% in the regular session Thursday as a Nasdaq alert said the deal was expected to close Thursday, and a securities filing from eLong showed that Nasdaq had approved its shares for listing. The stock was up 2.3% after hours to $2.25.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

November 21, 2024 18:43 ET (23:43 GMT)

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