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Antelope Enterprise closes $6M convertible note offering

The note bears 8.00% annual interest and allows conversion into Class A ordinary shares subject to a 9.99% beneficial ownership limitation.

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Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Form Type
6-K

Rhea-AI Filing Summary

Antelope Enterprise Holdings Ltd. (AEHL) closed a registered direct offering on September 15, 2026, issuing a convertible promissory note with an original principal amount of $6,000,000. The company received approximately $6 million in gross proceeds before estimated offering expenses payable by the company. The note bears interest at 8.00% per year and has no fixed maturity date.

The holder may convert the note into Class A ordinary shares, subject to a 9.99% beneficial ownership limitation. The conversion price is 80% of the lowest regular-session volume-weighted average price over the three Trading Days ending on and including the conversion date, using Bloomberg page AEHL US AQR or a comparable data source selected by the company if that page is unavailable. Principal and accrued interest become immediately due upon specified bankruptcy-related events, including an act of bankruptcy, a general assignment for the benefit of creditors, a bankruptcy petition not dismissed for over 90 days, or appointment of a receiver.

Original principal amount $6,000,000 Convertible promissory note
Gross proceeds Approximately $6 million Before estimated offering expenses payable by the company
Interest rate 8.00% per annum Convertible promissory note
Beneficial ownership limitation 9.99% Applies to conversion into Class A ordinary shares
Conversion price 80% of the lowest volume-weighted average price Measured over the three Trading Days ending on and including the conversion date
Conversion price measurement period Three Trading Days Ending on and including the date of conversion
registered direct offering financial
"in a registered direct offering"
A registered direct offering is a way for a company to sell new shares of its stock directly to select investors with regulatory approval. This method allows the company to raise funds quickly and efficiently without needing a public auction, similar to offering exclusive access to a limited number of buyers. For investors, it often provides an opportunity to purchase shares at a favorable price, while giving the company immediate access to capital.
convertible promissory note financial
"issuance and sale of a convertible promissory note"
A convertible promissory note is a loan a company takes now that can later be turned into shares instead of being repaid in cash. Think of it as lending money with the option to accept ownership in the business down the road; that matters to investors because it affects who gets paid first, how much ownership existing shareholders keep, and the company’s future valuation and cash needs. Terms such as conversion price, interest and maturity determine the financial impact.
beneficial ownership limitation regulatory
"subject to a 9.99% beneficial ownership limitation"
A beneficial ownership limitation is a rule that caps the percentage of a company’s shares an investor can be treated as owning or controlling for voting, regulatory or tax purposes. It matters to investors because it can restrict how many shares a person or group can buy or vote, affect takeover chances, and influence share liquidity and value — like a speed limit that prevents any single driver from taking over the whole road.
volume-weighted average price financial
"volume-weighted average price per Class A Ordinary Share"
Volume-weighted average price (VWAP) is the average price of a stock over a specific time period where each trade is weighted by the number of shares traded, so larger trades influence the average more than small ones. Investors and traders use VWAP as a reference point to judge whether trades are happening at relatively good or poor prices—like checking the average price paid for an item at a market where bulk purchases count more than single-item buys.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did AEHL receive from the convertible note offering?

AEHL received approximately $6 million in gross proceeds before estimated offering expenses payable by the company. The note's original principal amount is $6,000,000.

How is the AEHL convertible note's conversion price determined?

The conversion price is 80% of the lowest regular-session volume-weighted average price over the three Trading Days ending on and including the conversion date. The stated price source is Bloomberg page AEHL US AQR, or a comparable nationally recognized data source reasonably selected by the company if that page is unavailable.

When can AEHL's convertible note become immediately due?

The unpaid principal and accrued interest become immediately due and payable upon the company's act of bankruptcy, a general assignment for the benefit of creditors, a bankruptcy petition that is not dismissed for over 90 days, or appointment of a receiver.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF THE

SECURITIES EXCHANGE ACT OF 1934

 

For the month of November 2026

 

ANTELOPE ENTERPRISE HOLDINGS LTD.

(Translation of registrant’s name into English)

 

Room 1802, Block D, Zhonghai International Center,

Hi- Tech Zone, Chengdu, Sichuan Province, PRC

(Address of Principal Executive Office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F ☒ Form 40-F ☐

 

 

 

 
 

 

Entry into a Material Definitive Agreement

 

On September 10, 2026, Antelope Enterprise Holdings Ltd. (the “Registrant” or the “Company”) entered into a Note Purchase Agreement (the “Purchase Agreement”) with an accredited investor, for the issuance and sale of a convertible promissory note (the “Convertible Note”) with an original principal amount of $6,000,000 in a registered direct offering (the “Offering.”) The interest rate of the Convertible Note is 8.00% per annum.

 

The Convertible Note has an original principal amount of $6,000,000 and has no fixed maturity date. The entire unpaid principal and accrued interest of the Convertible Note shall become immediately due and payable upon the Company’s act of bankruptcy, execution of a general assignment for the benefit of creditors, filing or facing a bankruptcy petition without dismissal for over 90 days, or the appointment of a receiver. A holder may convert the Convertible Note into class A ordinary shares of the Company, no par value per share (the “Class A Ordinary Shares,”) subject to a 9.99% beneficial ownership limitation. The conversion price will equal 80% of the lowest of the volume-weighted average price per Class A Ordinary Share on the Nasdaq Capital Market, as reported by Bloomberg page ‘AEHL US AQR’ (or, if unavailable, a comparable nationally recognized data source reasonably selected by the Company) for the regular trading session during the three Trading Days (as defined in the Convertible Note) ending on and including the date of conversion.

 

The Offering closed on September 15, 2026. The Company received gross proceeds of approximately $6 million from the Offering before deducting estimated offering expenses payable by the Company.

 

The Convertible Note and the Class A Ordinary Shares issuable upon conversion of the Convertible Note were issued pursuant to a prospectus supplement, which was filed with the Securities and Exchange Commission on September 15, 2026, in connection with a takedown from the Company’s shelf registration statement on Form F-3 (File No. 333-295047), which was declared effective by the Securities and Exchange Commission on May 5, 2026 (the “Registration Statement”).

 

A copy of the opinion of Ogier relating to the legality of the issuance and sale of the securities is filed as Exhibit 5.1 hereto.

 

This Report on Form 6-K, including the exhibits hereto, is hereby incorporated by reference into the Registration Statement.

 

The foregoing description of the Purchase Agreement and the Convertible Note does not purport to be complete and is qualified in its entirety by reference to the full text of such agreements, copies of which are filed to this Current Report on Form 6-K as Exhibits 10.1 and 10.2, respectively and are incorporated herein by reference.

 

The information in this Form 6-K (including any exhibit hereto) is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.

 

Exhibits

 

Exhibit No.   Exhibit Description
5.1   Opinion of Ogier
10.1*   Note Purchase Agreement, dated September 10, 2026
10.2*   Form of Convertible Promissory Note
23.1   Consent of Ogier (included in Exhibit 5.1)

 

* Certain of the exhibits and schedules to this Exhibit have been omitted in accordance with Regulation S-K Item 601(a)(5). The Registrant agrees to furnish a copy of all omitted exhibits and schedules to the SEC upon its request.

 

 
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date: November 2, 2026 ANTELOPE ENTERPRISE HOLDINGS LTD.
     
  By:  /s/ Tingting Zhang
    Tingting Zhang
    Chief Executive Officer

 

 

 

Filing Exhibits & Attachments

4 documents

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