Financing ·
3E Network raises $5M in private placement and announces two-for-one share consolidation effective Oct. 30
MASK3 E Network Technology Group Ltd
3 E Network Technology Group Limited entered into a subscription agreement for a private placement of 2,751,789 Class A ordinary shares at approximately US$1.8170 per share, raising $5 million in aggregate gross proceeds. The transaction includes a related-party investment by the Yang Investor, controlled by CEO Dr. Tingjun Yang, and six individual purchasers. Proceeds will support general working capital and business operations. Concurrently, the company announced a two-for-one share consolidation, with post-consolidation trading expected to begin on October 30, 2026. The issuance is subject to applicable conditions and relies on Regulation D exemptions. 3 E Network Technology Group Limited operates as a B2B IT solutions provider focused on AI infrastructure and data center services.