3 E Network Technology Group Limited, a B2B IT business solutions provider based in Guangzhou, China, announced the successful closing of its initial public offering on Nasdaq under the ticker symbol “MASK.” The Offering consisted of 1,250,000 Class A ordinary shares priced at US$4.00 per share, raising a total of US$5.00 million in gross proceeds.
The Company plans to utilize the funds from the Offering for expanding current businesses, general working capital, research and development, and talent development and management. Craft Capital Management LLC and Boustead Securities, LLC served as the underwriters for the Offering.
The Company, through its subsidiaries, offers integrated software and hardware solutions for various sectors such as property management, exhibition services, food establishments, real estate, and clean energy utilities. 3 E Network aims to continue its growth and expand its software solution offerings to serve a broader range of industries.
Investors are encouraged to review the Company’s forward-looking statements and risk factors outlined in its registration statement and filings with the SEC. The Company emphasizes the importance of reviewing all factors that may impact future results.
For more information, investors can contact the 3 E Network Technology Group Limited Investor Relations Department via email at ird@3ekeji.cn. For those interested in obtaining a copy of the final prospectus related to the Offering, it is available through Craft Capital Management LLC, Boustead Securities, LLC, or the SEC’s website.
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