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3 E Network signs USD 1.3 million secured convertible note deal with institutional investor

PUBT·05/04/2026 20:16:55
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3 E Network signs USD 1.3 million secured convertible note deal with institutional investor
  • 3 E Network Technology Group agreed to issue up to USD 1.3 million of senior secured 8% original issue discount convertible promissory notes to an institutional investor for gross proceeds of USD 1.2 million.
  • Initial closing brought in USD 920,000 of gross proceeds for USD 1 million of notes on May 1.
  • Second closing covers USD 300,000 of additional notes for USD 276,000 of gross proceeds, contingent on effectiveness of resale registration for shares underlying the notes.
  • Deal includes a warrant for 265,198 Class A ordinary shares with an initial exercise price of USD 5 per share, exercisable through May 1, 2030.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 3 E Network Technology Group Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605041610PRIMZONEFULLFEED9712153) on May 04, 2026, and is solely responsible for the information contained therein.