3 E Network Technology Group Limited Announces Use from First Tranche Private Offering Proceeds to Purchase Bitcoin and Advance Web 3.0 Strategy
3 E Network Technology Group (NASDAQ:MASK), a B2B IT solutions provider, announced the completion of the first tranche of its previously announced three-tranche private offering. The company plans to use part of the proceeds from this first tranche to purchase Bitcoin as part of its Web 3.0 strategy.
The total offering consists of $7.4 million in senior secured convertible notes and warrants to an institutional investor. The first tranche, worth $2.2 million, was issued in two installments and closed on July 8, 2025. This strategic move aims to build the company's cryptocurrency reserves and support its growth initiatives in the Web 3.0 space.
3 E Network Technology Group (NASDAQ:MASK), fornitore di soluzioni IT B2B, ha annunciato il completamento della prima tranche della sua offerta privata, precedentemente comunicata, articolata in tre tranche. L'azienda prevede di utilizzare parte dei proventi di questa prima tranche per acquistare Bitcoin come parte della sua strategia Web 3.0.
L'offerta totale consiste in 7,4 milioni di dollari in note convertibili senior garantite e warrant destinati a un investitore istituzionale. La prima tranche, del valore di 2,2 milioni di dollari, è stata emessa in due rate e si è conclusa l'8 luglio 2025. Questa mossa strategica ha l'obiettivo di incrementare le riserve di criptovalute dell'azienda e sostenere le sue iniziative di crescita nel settore Web 3.0.
3 E Network Technology Group (NASDAQ:MASK), proveedor de soluciones IT B2B, anunció la finalización del primer tramo de su oferta privada previamente anunciada, que consta de tres tramos. La empresa planea usar parte de los fondos obtenidos en este primer tramo para comprar Bitcoin como parte de su estrategia Web 3.0.
La oferta total consiste en 7,4 millones de dólares en notas convertibles senior garantizadas y warrants dirigidos a un inversor institucional. El primer tramo, valorado en 2,2 millones de dólares, se emitió en dos pagos y se cerró el 8 de julio de 2025. Esta acción estratégica busca aumentar las reservas de criptomonedas de la compañía y apoyar sus iniciativas de crecimiento en el espacio Web 3.0.
3 E Network Technology Group (NASDAQ:MASK)는 B2B IT 솔루션 제공업체로서, 이전에 발표한 3단계 사모 발행 중 첫 번째 단계 완료를 발표했습니다. 회사는 이번 첫 번째 단계에서 조달한 자금의 일부를 비트코인 구매에 사용할 계획이며, 이는 Web 3.0 전략의 일환입니다.
총 발행 규모는 기관 투자자를 대상으로 한 740만 달러의 선순위 담보 전환사채 및 워런트로 구성됩니다. 첫 번째 단계는 220만 달러 규모로 두 차례에 걸쳐 발행되었으며 2025년 7월 8일에 완료되었습니다. 이 전략적 조치는 회사의 암호화폐 보유량을 늘리고 Web 3.0 분야에서의 성장 이니셔티브를 지원하기 위한 것입니다.
3 E Network Technology Group (NASDAQ:MASK), fournisseur de solutions IT B2B, a annoncé l'achèvement de la première tranche de son offre privée en trois tranches précédemment annoncée. La société prévoit d'utiliser une partie des fonds issus de cette première tranche pour acheter des Bitcoins dans le cadre de sa stratégie Web 3.0.
L'offre totale comprend 7,4 millions de dollars en billets convertibles garantis seniors et warrants destinés à un investisseur institutionnel. La première tranche, d'une valeur de 2,2 millions de dollars, a été émise en deux versements et clôturée le 8 juillet 2025. Cette démarche stratégique vise à constituer les réserves de cryptomonnaies de l'entreprise et à soutenir ses initiatives de croissance dans le domaine du Web 3.0.
3 E Network Technology Group (NASDAQ:MASK), ein Anbieter von B2B-IT-Lösungen, gab den Abschluss der ersten Tranche seiner zuvor angekündigten dreistufigen Privatplatzierung bekannt. Das Unternehmen plant, einen Teil der Erlöse aus dieser ersten Tranche zu verwenden, um im Rahmen seiner Web 3.0-Strategie Bitcoin zu kaufen.
Das Gesamtangebot umfasst 7,4 Millionen US-Dollar in vorrangigen besicherten Wandelanleihen und Warrants für einen institutionellen Investor. Die erste Tranche im Wert von 2,2 Millionen US-Dollar wurde in zwei Raten ausgegeben und am 8. Juli 2025 abgeschlossen. Mit diesem strategischen Schritt soll der Krypto-Bestand des Unternehmens aufgebaut und das Wachstum im Web 3.0-Bereich unterstützt werden.
- Strategic investment in Bitcoin to support Web 3.0 initiatives
- Successfully secured first tranche of $2.2 million from private offering
- Potential dilution from convertible notes and warrants
- Taking on additional debt through senior secured convertible notes
Hong Kong, China, July 28, 2025 (GLOBE NEWSWIRE) -- 3 E Network Technology Group Limited (Nasdaq: MASK) (the “Company” or “3e Network”), a business-to-business (“B2B”) information technology (“IT”) business solutions provider, today announced that it has completed the first tranche of its previously disclosed three-tranche private offering (the “Offering”), announced on June 9, 2025, and intends to use part of the proceeds to purchase Bitcoin. This strategic move aims to build the Company’s cryptocurrency reserves and support its growth initiatives in the Web 3.0 era.
The Offering involves the issuance of up to
About 3 E Network Technology Group Limited
3 E Network Technology Group Limited is a business-to-business (“B2B”) information technology (“IT”) business solutions provider. Through its two subsidiaries, Guangzhou 3e Network technology company limited (PRC) and 3E Network technology company limited (Hong Kong), the Company began by offering integrated software and hardware solutions for the property management and exhibition services spaces. Over time, 3 E Network expanded its software solutions offerings to serve a variety of sectors, including food establishments, real estate, exhibition and conferencing, and clean energy utilities. The Company’s business comprises two main portfolios: the software development portfolio and the exhibition and conference portfolio. For more information, please visit the Company’s website at http://ir.3etech.cn.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "approximates," "assesses," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may" or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the U.S. Securities and Exchange Commission.
For more information, please contact:
3 E Network Technology Group Limited
Investor Relations Department
Email: ird@3ekeji.cn
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