Core Viewpoint - 3 E Network Technology Group Limited has successfully closed a $2 million offering of convertible promissory notes, aiming to enhance its position as a next-generation AI infrastructure solutions provider [1]. Group 1: Offering Details - The convertible promissory note was offered in a private placement to an institutional investor, with an initial principal amount of $1,500,000 convertible into Class A ordinary shares, generating gross proceeds of $1,380,000 [2]. - A subsequent closing will involve an additional $500,000 principal amount of the note, expected to yield an additional $460,000 in gross proceeds, contingent upon the effectiveness of a resale registration statement for the underlying shares [2]. Group 2: Registration Rights Agreement - The Company has entered into a Registration Rights Agreement, committing to file a registration statement with the SEC within 15 business days post-closing, covering the resale of shares issuable upon conversion of the note [3]. Group 3: Company Overview - 3 E Network Technology Group Limited is a B2B IT solutions provider focused on becoming a leader in AI infrastructure solutions, emphasizing the synergy between AI and energy [5]. - The Company's operations are divided into two main portfolios: data center operation services and software development [5].
3 E Network Technology Group Limited Announces Initial Closing of $2 Million Convertible Promissory Note Offering