Elong Power Holding went public via a SPAC merger with TMT Acquisition Corp.

Elong Power Holding, a provider of high power battery technologies for commercial and specialty alternative energy vehicles and energy storage systems, went public via a SPAC merger with TMT Acquisition Corp, a publicly traded special purpose acquisition company. Financial terms were not disclosed. “We are thrilled to complete our business combination with TMTC, resulting in a pivotal milestone for eLong Power. We expect this strategic move to accelerate our growth and position us to meet the rising demand in the EV and energy storage industry with our innovative solutions. We believe being traded on Nasdaq is crucial for our growth and expansion plan to position eLong Power as a global player. We look forward to leveraging this opportunity to drive innovation and growth while delivering long-term values for our shareholders,” Ms. Xiaodan Liu, eLong Power Chairwoman and CEO.