Loan & DebtMay 26, 2026, 09:22 AM
Antelope Enterprise Holdings Secures $3M Convertible Note
AI Summary
Antelope Enterprise Holdings Ltd. announced it entered into a Note Purchase Agreement with an accredited investor for the issuance and sale of a convertible promissory note. The note has an original principal amount of $3,000,000, an 8.00% annual interest rate, and matures in 18 months. The company received approximately $3 million in gross proceeds from the registered direct offering, which closed on May 26, 2026.
Key Highlights
- Antelope Enterprise Holdings entered a Note Purchase Agreement for a convertible promissory note.
- The convertible note has an original principal amount of $3,000,000.
- The interest rate on the Convertible Note is 8.00% per annum.
- The Convertible Note will mature 18 months after the date of issuance.
- The conversion price will be 90% of the lowest daily trading price, subject to a 9.99% beneficial ownership limitation.
- The company received gross proceeds of approximately $3 million from the offering.
- The offering closed on May 26, 2026.
Price Impact
More from AEHL