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3 E Network Technology Strikes $20 Million ELOC Purchase Agreement With Undisclosed Institutional Investor

Benzinga·02/13/2026 12:54:30
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3 E Network Technology Group Limited (NASDAQ:MASK, "3 E" or the "Company")), a business-to-business ("B2B") information technology ("IT") business solutions provider advancing toward next-generation artificial intelligence ("AI") infrastructure solutions, announced that, on February 11, 2026, it entered into a securities purchase agreement (the "ELOC Purchase Agreement") with an institutional investor (the "Investor"), pursuant to which the Company has the right, but not the obligation, to issue and sell, from time to time, Class A ordinary shares of the Company to the Investor for aggregate gross proceeds of up to US$20 million, representing an equity line of credit facility (the "ELOC").