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 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.
Key Figures
Key Terms
registered direct offering financial
convertible promissory note financial
beneficial ownership limitation regulatory
volume-weighted average price financial
FAQ
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How much did AEHL receive from the convertible note offering?
How is the AEHL convertible note's conversion price determined?
When can AEHL's convertible note become immediately due?
AI-generated analysis. How Rhea-AI works. Not financial advice.