3 E Network Technology Group Raises Up to $2 Million Through Senior Secured Convertible Note Financing

3 E Network Technology Group Ltd. Class A ( (MASK) ) just unveiled an announcement.

On December 18, 2025, 3 E Network Technology Group Limited entered into a securities purchase agreement with an institutional investor to issue an 8% original issue discount senior secured convertible promissory note with a principal amount of up to $2 million, convertible into the company’s Class A ordinary shares. The initial closing the same day delivered gross proceeds of $1.38 million for a $1.5 million principal amount, with a second closing of $500,000 in principal for $460,000 in proceeds contingent on the effectiveness of a resale registration statement for the underlying shares. The company also signed a registration rights agreement committing to file a resale registration statement with the SEC within 15 business days of the closing and executed a guarantee agreement with its subsidiaries to secure all obligations under the financing, while Boustead Securities, LLC acted as placement agent. The transaction strengthens the company’s liquidity through convertible debt that ranks senior to most other indebtedness, while potentially diluting existing shareholders upon conversion; investors and counterparties gain added protection through the guarantee structure and registration rights aimed at facilitating future resale of the converted shares.

More about 3 E Network Technology Group Ltd. Class A

3 E Network Technology Group Limited is a British Virgin Islands-based company listed in the United States, with principal executive offices in Hong Kong. The company issues Class A ordinary shares and accesses U.S. capital markets as a foreign private issuer, indicating a focus on growth financed through cross-border securities offerings.

Average Trading Volume: 5,035,572

Technical Sentiment Signal: Strong Sell

Current Market Cap: $2.93M

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