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GlobeNewsWire
14 days ago
3 E Network Technology Signs 1.3M Convertible Note Agreement with Institutional Investor
HONG KONG, May 04, 2026 (GLOBE NEWSWIRE) -- 3 E Network Technology Group Limited (Nasdaq: MASK) (the “Company” or “3 E Network”), a business-to-business (“B2B”) information technology (“IT”) business solutions provider with the inspiration to become a next-generation AI infrastructure solutions provider, entered into a Securities Purchase Agreement (the “Purchase Agreement”) with an institutional investor (the “Investor”) on May 1, 2026. Pursuant to the Purchase Agreement, the Company agreed to sell and issue (i) a senior secured 8% original issue discount convertible promissory note in the principal amount of up to $1,300,000 (the “Note”) for aggregate gross proceeds of $1,196,000 (collectively, the “Subscription Amount”), and (ii) a Class A ordinary shares purchase warrant (the “Warrant”) to purchase up to 265,198 Class A ordinary shares of the Company, par value $0.0025 per share (the “Shares”).