Core Viewpoint - 3 E Network Technology Group Limited has amended its previously announced private placement of senior convertible secured notes, adjusting terms related to conversion and exercise prices to protect investor interests [1][2]. Group 1: Offering Details - The Offering, initially announced on June 9, 2025, involved three tranches of Notes and Warrants with a total principal amount of $7.4 million [2]. - The First Tranche Note has been amended to establish a Floor Price of $0.63, which is 20% of the Minimum Price as defined by Nasdaq Rules as of June 9, 2025 [2]. - The Warrant's exercise price has also been amended to not fall below the Floor Price, with provisions for cash compensation if the conversion or exercise price is below this threshold [2]. Group 2: Use of Proceeds - The net proceeds from the Offering will be utilized for general corporate and working capital purposes, as determined by the Company's Board of Directors [3]. Group 3: Company Overview - 3 E Network Technology Group Limited operates as a B2B IT business solutions provider, offering integrated software and hardware solutions through its subsidiaries [4]. - The Company has expanded its software solutions to various sectors, including food establishments, real estate, exhibition and conferencing, and clean energy utilities [4]. - The business comprises two main portfolios: software development and exhibition and conference services [4].
3 E Network Technology Group Limited Announces Amendment to Its $7.4 Million Convertible Notes Offering