3 E Network Signs US$5 Million Share Private Placement Deal

Bitget2026/10/23 20:21

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3 E Network agreed October 23, 2026, to raise USD 5 million through a private placement of unregistered Class A ordinary shares.
The placement comprises 2,751,789 shares at approximately USD 1.817 per share, stated on a post-consolidation basis.
An investor controlled by CEO Tingjun Yang will purchase 1,157,823 shares in a related-party transaction; six individuals will purchase the remainder.
Issuance remains conditional and cannot occur before October 30, 2026, the expected trading date following a two-for-one share consolidation.
Proceeds are intended for working capital, ordinary business operations and other lawful corporate purposes.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001185185-26-004968), on October 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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3 E Network Signs US$5 Million Share Private Placement Deal

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