3 E Network Technology Group Ltd Completes IPO
Ticker: MASK · Form: 6-K · Filed: Jan 10, 2025 · CIK: 1993097
Sentiment: neutral
Topics: ipo, shares, offering
TL;DR
3 E Network Technology Group Ltd just IPO'd, selling 1.25M shares on Jan 10, 2025.
AI Summary
On January 10, 2025, 3 E Network Technology Group Ltd completed its Initial Public Offering (IPO) by selling 1,250,000 Class A ordinary shares at a par value of $0.0001 per share. This marks the company's debut as a publicly traded entity.
Why It Matters
The completion of an IPO allows the company to raise capital and increases its visibility, potentially leading to future growth and investment opportunities.
Risk Assessment
Risk Level: medium — As a newly public company, 3 E Network Technology Group Ltd faces the inherent risks associated with market volatility and establishing its financial track record.
Key Numbers
- 1,250,000 — Shares Sold (Number of Class A ordinary shares sold in the IPO.)
- $0.0001 — Par Value (The nominal value of each Class A ordinary share.)
Key Players & Entities
- 3 E Network Technology Group Ltd (company) — Registrant and issuer of shares
- January 10, 2025 (date) — Date of IPO completion
- 1,250,000 (dollar_amount) — Number of Class A ordinary shares sold in IPO
- $0.0001 (dollar_amount) — Par value per Class A ordinary share
FAQ
What was the total number of Class A ordinary shares offered in the IPO?
The company offered 1,250,000 Class A ordinary shares in its IPO.
On what date did 3 E Network Technology Group Ltd close its IPO?
The IPO was closed on January 10, 2025.
What is the par value of the Class A ordinary shares?
The par value of the Class A ordinary shares is $0.0001 per share.
What type of shares were offered in the IPO?
Class A ordinary shares were offered in the IPO.
Is 3 E Network Technology Group Ltd required to file annual reports on Form 20-F or 40-F?
The company indicates it files annual reports under Form 20-F.
Filing Stats: 457 words · 2 min read · ~2 pages · Grade level 12 · Accepted 2025-01-10 16:30:15
Key Financial Figures
- $0.0001 — ,000 Class A ordinary shares, par value $0.0001 per share (the “Shares”). T
- $4.00 — uary 7, 2025. The Shares were priced at $4.00 per share, and the offering was conduct
Filing Documents
- ea0226858-6k_3enetwork.htm (6-K) — 21KB
- ea022685801ex99-1_3enetwork.htm (EX-99.1) — 9KB
- ea022685801ex99-2_3enetwork.htm (EX-99.2) — 9KB
- 0001213900-25-002675.txt ( ) — 40KB
From the Filing
OF FOREIGN PRIVATE ISSUER UNITED 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 January 2025 Commission file number: 001-42466 3 E Network Technology Group Ltd (Exact Name of Registrant as Specified in Its Charter) B046 of Room 801, 11 Sixing Street Huangge Town, Nansha District Guangzhou, Guangdong Province, PRC Tel: +86-020-343-29249 (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 On January 10, 2025, 3 E Network Technology Group Limited (the “Company”) closed its initial public offering (the “IPO”) of 1,250,000 Class A ordinary shares, par value $0.0001 per share (the “Shares”). The Company completed the IPO pursuant to its registration statement on Form F-1 (File No. 333-276180, “Form F-1”), originally filed with the U.S. Securities and Exchange Commission (the “SEC”) on December 21, 2023 (as amended), and registration statement on Form F-1MEF (File No. 333-284169, “Form F-1 MEF”) (Form F-1 and Form F-1MEF, together, the “Registration Statements”). The registration statement on Form F-1 was declared effective by the SEC on December 20, 2024, and the registration statement on Form F-1 MEF became effective upon filing on January 7, 2025. The Shares were priced at $4.00 per share, and the offering was conducted on a firm commitment basis. The Shares were previously approved for listing on the Nasdaq Capital Market and commenced trading under the ticker symbol “MASK.” In connection with the IPO, the Company issued a press release on January 8, 2025 announcing the pricing of the IPO and a press release on January 10, 2025 announcing the closing of the IPO, respectively. Copies of each press release are attached hereto as Exhibit 99.1 and Exhibit 99.2 and are incorporated by reference herein. This report does not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction. 1 EXHIBIT INDEX Exhibit No. Description 99.1 Press Release on Pricing of the Company’s Initial Public Offering 99.2 Press Release on Closing of the Company’s Initial Public Offering 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 Date: January 10, 2025 By: /s/ Tingjun Yang Name: Tingjun Yang Title: Co-Chief Executive Officer 3