Antelope Enterprise Holdings Ltd. Sells $990K in Convertible Notes
Ticker: AEHL · Form: 6-K · Filed: Oct 9, 2024 · CIK: 1470683
Sentiment: neutral
Topics: financing, debt-offering, convertible-notes
TL;DR
Antelope Enterprise Holdings Ltd. just sold $990K in convertible notes to an institutional investor.
AI Summary
On September 25, 2024, Antelope Enterprise Holdings Ltd. entered into a purchase agreement with an institutional investor to sell $990,000 of its convertible promissory notes. This filing is a Form 6-K report for the month of October 2024.
Why It Matters
The company is raising capital through the sale of convertible debt, which could impact its future share structure and financial obligations.
Risk Assessment
Risk Level: medium — The sale of convertible notes can dilute existing shareholders and increase the company's debt burden.
Key Numbers
- $990,000 — Convertible Notes Sale (Capital raised from institutional investor)
Key Players & Entities
- Antelope Enterprise Holdings Ltd. (company) — Registrant
- September 25, 2024 (date) — Date of Purchase Agreement
- $990,000 (dollar_amount) — Value of convertible promissory notes
- institutional investor (company) — Purchaser of notes
FAQ
What is the interest rate on the convertible promissory note?
The filing does not specify the interest rate of the convertible promissory note.
What is the maturity date of the convertible promissory note?
The filing does not specify the maturity date of the convertible promissory note.
What is the conversion price or ratio for the convertible promissory note?
The filing does not specify the conversion price or ratio for the convertible promissory note.
Who is the institutional investor that purchased the notes?
The filing refers to the purchaser only as 'an institutional investor' and does not name the specific entity.
What will the proceeds from the convertible note sale be used for?
The filing does not detail the specific use of the proceeds from the convertible note sale.
Filing Stats: 343 words · 1 min read · ~1 pages · Grade level 12.2 · Accepted 2024-10-09 16:30:18
Key Financial Figures
- $990,000 — h an institutional investor to purchase $990,000 of its convertible note (the “Not
Filing Documents
- form6-k.htm (6-K) — 20KB
- ex5-1.htm (EX-5.1) — 123KB
- ex10-1.htm (EX-10.1) — 155KB
- ex10-2.htm (EX-10.2) — 107KB
- ex5-1_001.jpg (GRAPHIC) — 11KB
- ex5-1_002.jpg (GRAPHIC) — 27KB
- 0001493152-24-040606.txt ( ) — 458KB
SIGNATURES
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: October 9, 2024 ANTELOPE ENTERPRISE HOLDINGS LTD. By: /s/ Hen Man Edmund Hen Man Edmund Chief Financial Officer