Core Viewpoint - 3 E Network Technology Group Limited has received a deficiency letter from Nasdaq regarding non-compliance with the minimum bid price requirement for its ordinary shares [1][2]. Compliance Status - The company has a compliance period of 180 calendar days, until March 24, 2026, to regain compliance by achieving a closing bid price of $1.00 per share for at least 10 consecutive business days [2][3]. - If the company does not regain compliance within the initial period, it may be eligible for an additional compliance period, provided it meets other listing requirements [3][4]. Business Operations - The receipt of the deficiency letter does not affect the company's business operations, and it plans to monitor the closing bid price actively [5]. - 3 E Network is a B2B IT solutions provider, offering integrated software and hardware solutions across various sectors, including property management, food establishments, and clean energy utilities [6].

Core Insights - 3 E Network Technology Group Limited is expanding its global mining farm construction and hosting business in response to new regulations in the stablecoin market, specifically Hong Kong's Stablecoin Ordinance and the U.S. GENIUS Act [1][2] Company Overview - 3 E Network Technology Group Limited operates as a B2B IT business solutions provider, offering integrated software and hardware solutions across various sectors including property management, exhibition services, food establishments, real estate, and clean energy utilities [3] - The company's business is divided into two main portfolios: software development and exhibition and conference services [3] Industry Context - The recent legislation establishes a clear framework for compliant stablecoin issuance and operation, marking a transition from unregulated digital assets to a core component of the global digital financial infrastructure [2] - The focus on compliance, including full reserves and anti-money laundering measures, is expected to foster institutional trust and accelerate the adoption of stablecoins [2] - The company recognizes the ongoing technical, operational, financial, and regulatory challenges faced by stablecoins, emphasizing the need for a robust compliance framework as it expands its operations [2]

Core Viewpoint - 3 E Network Technology Group Limited has completed the first tranche of a three-tranche private offering, with plans to use part of the proceeds to purchase Bitcoin, aiming to enhance its cryptocurrency reserves and support growth in the Web 3.0 era [1][2]. Group 1: Offering Details - The offering involves the issuance of up to $7.4 million in aggregate principal amount of senior secured convertible notes and accompanying warrants to an institutional investor [2]. - The first tranche consists of $2.2 million in principal amount of notes and related warrants, which was issued in two installments and closed on July 8, 2025 [2]. Group 2: Company Overview - 3 E Network Technology Group Limited is a B2B IT business solutions provider, offering integrated software and hardware solutions primarily for property management and exhibition services [3]. - The company has expanded its software solutions to various sectors, including food establishments, real estate, exhibition and conferencing, and clean energy utilities [3]. - The business comprises two main portfolios: the software development portfolio and the exhibition and conference portfolio [3].

Core Viewpoint - 3 E Network Technology Group Limited announced a private placement of up to $7.4 million in senior convertible secured notes and accompanying warrants to an institutional investor, aimed at enhancing its capital structure and providing growth opportunities [1][2]. Group 1: Offering Details - The Offering consists of three tranches: - First Tranche: Up to $2.2 million in principal amount, issued in two installments [2]. - Second Tranche: Up to $2.2 million, contingent on the First Tranche Note having less than $500,000 remaining or after 120 days post-effectiveness of the initial resale registration statement, with a minimum market capitalization requirement of $30 million [2]. - Third Tranche: Up to $3.0 million, to be issued by mutual consent within 180 days after the Second Tranche closing [2]. - The conversion price of the Notes is set at the lower of a fixed price of 120% of the average of the three daily VWAPs prior to the closing date or a floating price based on 93% of the lowest daily VWAP in the preceding 10 trading days [2]. Group 2: Registration Rights and Agreements - A Registration Rights Agreement was established, requiring the Company to file a registration statement on Form F-1 with the SEC within 15 days of the First Tranche closing to cover the resale of Shares from the conversion of the Notes and exercise of the Warrants [3]. - The Company will also file registration statements for the Second and Third Tranche Shares within 15 days after each tranche's closing [3]. - A Guarantee Agreement will be executed at each tranche closing to secure the Company's obligations under the Purchase Agreement [4]. Group 3: Pre-Delivery Shares - The Company issued 1,248,611 Pre-Delivery Shares and pre-funded warrants for an additional 213,389 Pre-Delivery Shares, allowing the Investor to use these shares for timely conversions under the Notes [5]. - The Investor has the right to purchase Pre-Delivery Shares at a price equal to 93% of the average of the daily VWAPs for the 10 trading days preceding the purchase, starting after all Notes are settled [5]. Group 4: Company Overview - 3 E Network Technology Group Limited is a B2B IT business solutions provider, offering integrated software and hardware solutions primarily in property management and exhibition services [7]. - The Company has expanded its offerings to various sectors, including food establishments, real estate, exhibition and conferencing, and clean energy utilities, with two main portfolios: software development and exhibition/conference services [8].