Business
3 E Network Technology Group Limited Announces Initial Closing of $2 Million Convertible Promissory Note Offering
HONG KONG, Dec. 19, 2025 (GLOBE NEWSWIRE) -- 3 E Network Technology Group Limited (Nasdaq: MASK) (the “Company” or “3e Network”), a business-to-business (“B2B”) information technology (“IT”) business solutions provider with the inspiration to become a next-generation artificial intelligence (“AI”) infrastructure solutions provider, today announced the closing of offering of a convertible promissory note of $2 million in aggregate principal amount. The Note was offered in a private offering to an
About this update from 3 E Network Technology Group Ltd
[{"type":"text","content":"HONG KONG, Dec. 19, 2025 (GLOBE NEWSWIRE) -- 3 E Network Technology Group Limited (Nasdaq: MASK) (the “Company” or “3e Network”), a business-to-business (“B2B”) information technology (“IT”) business solutions provider with the inspiration to become a next-generation artificial intelligence (“AI”) infrastructure solutions provider, today announced the closing of offering of a convertible promissory note of $2 million in aggregate principal amount.","length":451,"tagName":"p"},{"type":"text","content":"The Note was offered in a private offering to an institutional investor (the “Investor”) pursuant to a Securities Purchase Agreement (the “Purchase Agreement”). The Purchase Agreement provides for an initial principal amount of $1,500,000 (the “Note”) convertible into Class A ordinary shares of the Company, par value $0.0001 per share (“Shares”) for aggregate gross proceeds of $1,380,000 as to the initial Closing, and a subsequent closing of an additional $500,000 of principal amount of Note in exchange for an additional $460,000 of gross proceeds, to occur upon effectiveness of a resale registration statement for the Shares underlying the Note, subject to certain terms and conditions.","length":694,"tagName":"p"},{"type":"text","content":"The Company and the Investor also entered into a Registration Rights Agreement, which stipulates that the Company will file a registration statement on Form F-3, or, if the Company is not then eligible to use Form F-3, on Form F-1, or any successor form with the U.S. Securities and Exchange Commission (SEC) within 15 business days upon the closing, which will cover the resale of Shares issuable upon conversion of the Note.","length":426,"tagName":"p"},{"type":"text","content":"Boustead Securities, LLC acted as placement agent in connection with the offering.","length":82,"tagName":"p"},{"type":"text","content":"This press release does not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.","length":337,"tagName":"p"},{"type":"text","content":"About 3 E Network Technology Group Limited","length":42,"tagName":"p"},{"type":"text","content":"3 E ...