Antelope Enterprise Holdings Ltd. Secures $990K Convertible Note
Ticker: AEHL · Form: 6-K · Filed: Dec 17, 2024 · CIK: 1470683
Sentiment: neutral
Topics: financing, convertible-note, sec-filing
TL;DR
Antelope Enterprise Holdings just raised $990K via a convertible note. Bullish for now.
AI Summary
Antelope Enterprise Holdings Ltd. entered into a convertible promissory note purchase agreement on November 19, 2024, with an institutional investor to purchase $990,000 of its convertible note. The company is a foreign private issuer and files annual reports under Form 20-F.
Why It Matters
This financing could provide Antelope Enterprise Holdings with capital for operations or expansion, potentially impacting its future growth and stock performance.
Risk Assessment
Risk Level: medium — Convertible notes can dilute existing shareholders if converted, and the company's financial health and ability to repay are key considerations.
Key Numbers
- $990,000 — Convertible Note Financing (Amount raised from an institutional investor)
Key Players & Entities
- Antelope Enterprise Holdings Ltd. (company) — Registrant
- $990,000 (dollar_amount) — Convertible promissory note purchase amount
- November 19, 2024 (date) — Date of purchase agreement
- Form 20-F (document) — Annual report filing
FAQ
What is the interest rate and maturity date of the convertible promissory note?
The filing does not specify the interest rate or maturity date of the convertible promissory note.
What is the conversion price or ratio for the convertible note?
The filing does not provide details on the conversion price or ratio for the convertible note.
Who is the institutional investor purchasing the convertible note?
The filing refers to the purchaser as 'an institutional investor' but does not name the specific entity.
What will the proceeds from the convertible note be used for?
The filing does not explicitly state the intended use of the proceeds from the convertible note.
When was the convertible promissory note purchase agreement entered into?
The convertible promissory note purchase agreement was entered into on November 19, 2024.
Filing Stats: 339 words · 1 min read · ~1 pages · Grade level 12.2 · Accepted 2024-12-17 09:10:33
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) — 19KB
- ex5-1.htm (EX-5.1) — 127KB
- ex10-1.htm (EX-10.1) — 45KB
- ex10-2.htm (EX-10.2) — 140KB
- ex5-1_001.jpg (GRAPHIC) — 35KB
- ex5-1_002.jpg (GRAPHIC) — 9KB
- 0001493152-24-050344.txt ( ) — 393KB
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: December 17, 2024 ANTELOPE ENTERPRISE HOLDINGS LTD. By: /s/ Tingting Zhang Tingting Zhang Chief Executive Officer