Recent Updates — MASK
On September 2, 2026, 3 E Network Technology Group Limited entered into a subscription agreement for a private placement of 701,272 Class A ordinary shares to 3E NETWORK TECHNOLOGY PTE. LTD., an entity controlled by CEO Dr. Tingjun Yang. The shares were sold at $1.42598 per share, generating aggregate gross proceeds of $1,000,000. This transaction constitutes a related-party transaction under Nasdaq Listing Rule 5630 and was approved by the independent Audit Committee and Board of Directors. Net proceeds will be used for working capital and general corporate purposes to support growth strategy and AI infrastructure expansion. The company operates in the business-to-business information technology sector, providing IT solutions and data center services with a focus on artificial intelligence infrastructure.
3 E Network Technology Group Limited entered into a Securities Purchase Agreement with an institutional investor on June 23, 2026, to issue a senior secured 8% original issue discount convertible promissory note for up to $2,000,000 in principal, yielding $1,840,000 in gross proceeds. The agreement includes a warrant to purchase 468,978 Class A ordinary shares at an initial exercise price of $2.712 per share. An initial closing of $1,500,000 in principal for $1,380,000 in gross proceeds occurred on the same date. 3 E Network Technology Group Limited operates in the technology sector, providing network technology solutions.