L1 Capital Global Opportunities Master Fund Establishes 9.99% Stake in Elong Power Holding Ltd.

L1 Capital Global Opportunities Master Fund, Ltd. has filed a Schedule 13G disclosing a new 9.99% stake in Elong Power Holding Ltd. (ELPW) as of May 15, 2026. The reporting person reported beneficial ownership of 337,850 Class A Ordinary Shares, which consists of 280,250 Class A Ordinary Shares and 57,600 pre-funded warrants. The filing notes that the reporting person holds additional securities, including 431,400 pre-funded warrants and 769,250 standard warrants, which are currently excluded from the beneficial ownership total due to a 9.99% ownership blocker. The calculation is based on approximately 3,044,039 Class A Ordinary Shares outstanding. David Feldman and Joel Arber, as directors of the fund, may be deemed to share beneficial ownership but have disclaimed such ownership for other purposes. This filing represents a significant new institutional position in the issuer, following its recent prospectus and 6-K filings in mid-May 2026. The investment is characterized as passive, with no intent to influence or change the control of the issuer.