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3 E Network (NASDAQ: MASK) secures US$20M equity line facility

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

3 E Network Technology Group Limited entered into an equity line of credit agreement with an institutional investor, giving it the right to sell Class A ordinary shares for up to US$20 million in gross proceeds over a 24‑month term.

The company can decide when to issue purchase notices, and each sale is conditioned on customary requirements, including an effective resale registration statement for the investor’s shares. Pricing will be based on the market price of the stock during specified measurement periods.

Any capital raised under this facility may be used for general corporate purposes such as working capital, project development, production financing, and other strategic initiatives as the company pursues its B2B IT and AI infrastructure solutions strategy.

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Insights

3 E Network arranges a discretionary US$20M equity line.

3 E Network has set up an equity line of credit of up to US$20 million, allowing it to sell Class A ordinary shares to a single institutional investor over a 24‑month period. The company controls timing and size of each draw through purchase notices.

Each issuance depends on customary conditions, notably an effective resale registration statement for the investor’s shares, and pricing will follow formulae tied to prevailing market prices. This structure means actual capital raised and share issuance will depend on future market conditions and the company’s choices.

Proceeds may support working capital, project development, production financing, and other strategic initiatives. Subsequent disclosures in company filings will show whether and how actively the equity line is used and the scale of any share issuances under this facility.

 

 

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 UNDER
THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of February 2026

 

Commission file number: 001-42466

  

3 E NETWORK TECHNOLOGY GROUP LIMITED

(Exact name of registrant as specified in its charter)

 

No.118 Connaught Road West, 3003-2

Hong Kong, China, 999077

(Address of Principal Executive Offices)

 

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

 

Form 20-F ☒          Form 40-F ☐

 

 

 

 

 

 

Entry into a Material Definitive Agreement

 

On or about February 11, 2026, 3 E Network Technology Group Limited (the “Company”) entered into a securities purchase agreement (the “ELOC Purchase Agreement”) with an institutional investor (the “Investor”), pursuant to which the Company has the right, but not the obligation, to issue and sell, from time to time, Class A ordinary shares of the Company to the Investor for aggregate gross proceeds of up to US$20 million, representing an equity line of credit facility (the “ELOC”).

 

Pursuant to the ELOC Purchase Agreement, the Company may, at its discretion, deliver one or more purchase notices to the Investor from time to time, requiring the Investor to purchase a specified number of ordinary shares, subject to the satisfaction of customary conditions precedent set forth in the ELOC Purchase Agreement, including an effective resale registration statement registering the Investor’s resale of the shares. The purchase price for any ordinary shares sold under the ELOC will be determined in accordance with the pricing provisions set forth in the ELOC Purchase Agreement, which are based on the market price of the Company’s ordinary shares during the applicable measurement period.

 

The ELOC provides the Company with flexible access to capital over the 24-month term of the facility. Proceeds from any sales of ordinary shares under the ELOC may be used by the Company for general corporate purposes, including working capital, project development, production financing, and other strategic initiatives.

 

Safe Harbor Statement

 

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.

 

1

 

 

Exhibit Index

 

Exhibit No.   Description
10.1   Form of ELOC Purchase Agreement
99.1   Press Release

 

2

 

 

Signature

 

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.

 

  3 E Network Technology Group Limited
   
  By: /s/ Tingjun Yang
  Name:  Tingjun Yang
  Title: Chief Executive Officer, Director

 

Date: February 13, 2026

 

3

 

Exhibit 99.1

 

3 E Network Enters ELOC Agreement for Up to $20 Million with Institutional Investor

 

Hong Kong, China, February 13, 2026 (GLOBE NEWSWIRE)— 3 E Network Technology Group Limited (Nasdaq: MASK, “3 E” or the “Company”), a business-to-business (“B2B”) information technology (“IT”) business solutions provider advancing toward next-generation artificial intelligence (“AI”) infrastructure solutions, announced that, on February 11, 2026, it entered into a securities purchase agreement (the “ELOC Purchase Agreement”) with an institutional investor (the “Investor”), pursuant to which the Company has the right, but not the obligation, to issue and sell, from time to time, Class A ordinary shares of the Company to the Investor for aggregate gross proceeds of up to US$20 million, representing an equity line of credit facility (the “ELOC”).

 

Pursuant to the ELOC Purchase Agreement, the Company may, at its discretion, deliver one or more purchase notices to the Investor from time to time, requiring the Investor to purchase a specified number of ordinary shares, subject to the satisfaction of customary conditions precedent set forth in the ELOC Purchase Agreement, including an effective resale registration statement registering the Investor’s resale of the shares. The purchase price for any ordinary shares sold under the ELOC will be determined in accordance with the pricing provisions set forth in the ELOC Purchase Agreement, which are based on the market price of the Company’s ordinary shares during the applicable measurement period.

 

The ELOC provides the Company with flexible access to capital over the 24-month term of the facility. Proceeds from any sales of ordinary shares under the ELOC may be used by the Company for general corporate purposes, including working capital, project development, production financing, and other strategic initiatives.

 

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, committed to becoming a next-generation artificial intelligence (“AI”) infrastructure solutions provider. It upholds the industry consensus of “AI and energy symbiosis” and has excellent vision in the field of energy investment. The Company’s business comprises two main portfolios: the data center operation services portfolio and the software development portfolio. For more information, please visit the Company’s website at https://3emask.com/.

 

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@3emask.com

Website: https://3emask.com/

 

FAQ

What financing agreement did 3 E Network Technology Group Limited (MASK) enter into?

3 E Network entered an equity line of credit agreement allowing it to sell up to US$20 million of Class A ordinary shares to an institutional investor over 24 months, at its discretion, subject to customary conditions.

How much capital can 3 E Network potentially raise under the new ELOC facility?

The equity line of credit permits 3 E Network to raise aggregate gross proceeds of up to US$20 million. Actual capital raised will depend on how many Class A ordinary shares it chooses to sell over the facility’s 24‑month term.

What conditions must be met before 3 E Network sells shares under the ELOC?

Share sales under the ELOC require satisfaction of customary conditions, including an effective resale registration statement covering the investor’s resale of purchased shares, as outlined in the ELOC Purchase Agreement signed on February 11, 2026.

How will the share purchase price be determined under 3 E Network’s ELOC?

The purchase price for Class A ordinary shares sold under the ELOC will follow pricing provisions in the agreement, which are based on the market price of 3 E Network’s ordinary shares during the applicable measurement period for each draw.

How does 3 E Network plan to use proceeds from the ELOC facility?

Proceeds from any share sales under the ELOC may be used for general corporate purposes, including working capital, project development, production financing, and other strategic initiatives supporting its B2B IT and AI infrastructure solutions business.

Over what period can 3 E Network use the US$20 million ELOC facility?

The equity line of credit is available for a 24‑month term, during which 3 E Network may, at its discretion, deliver one or more purchase notices requiring the institutional investor to buy specified amounts of Class A ordinary shares.

Filing Exhibits & Attachments

2 documents
3 E Network Technology Group Limited

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