3 E Network Technology Group Limited Details Capital Allocation Plan for Private Placement Proceeds
3 E Network Technology Group Limited has announced the capital allocation strategy for its recently disclosed $5.0 million private placement.
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3 E Network Commences Phased Delivery of $5.0 Million Core Storage Hardware Order
3 E Network Technology Group Limited has begun shipping the first batch of products under a previously announced $5.0 million core storage hardware sales contract.
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3 E Network Announces 2-for-1 Share Consolidation
3 E Network Technology Group Limited's board of directors has approved a 2-for-1 consolidation of its Class A and Class B ordinary shares, effective October 30, 2026.
3 E Network Announces Entry into Material Definitive Agreement, Related Party Transaction and Unregistered Sale of Equity Securities
3 E Network Technology Group Limited (Nasdaq: MASK) announced a private placement of 2,751,789 Class A ordinary shares at $1.8170 per share, raising $5 million in gross proceeds. The placement includes a related-party transaction with the Yang Investor (controlled by CEO Dr. Tingjun Yang) subscribing for 1,157,823 shares, alongside six individual accredited investors. The shares will be issued post a two-for-one consolidation effective October 30, 2026, and proceeds will be used for general working capital and business operations.