ANTELOPE ENTERPRISE HOLDINGS LIMITED Entry into a Material Agreement
On August 2, 2023, Antelope Enterprise Holdings Limited (the "Company") entered into a certain securities purchase agreement (the "SPA") with a certain investor (collectively, the "Purchasers"), pursuant to which the Company agreed to sell 2,083,333 Class A ordinary shares, (the "Shares"), no par value (the "Ordinary Shares"), at a per share purchase price of $0.48 (the "Offering").
The gross proceeds to the Company from this Offering are approximately $1 million, before deducting any fees or expenses. The Company plans to use the net proceeds from this Offering for the general corporate purpose.
The parties to the SPA have each made customary representations, warranties and covenants. The Shares will issued to Purchasers upon satisfaction of all closing conditions, including but not limited to the completion of the NASDAQ's review of listing of additional shares.
The issuance of the Shares is in reliance on exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.
The form of the SPA is filed as Exhibit 10.1 to this Current Report on Form 6-K and such document is incorporated herein by reference. The foregoing is only a brief description of the material terms of the SPA, and does not purport to be a complete description of the rights and obligations of the parties thereunder and is qualified in its entirety by reference to such exhibit.
SUBMITTED HEREWITH
Exhibits:
| 10.1 | Form of Securities Purchase Agreement |
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Antelope Enterprise Holdings Ltd. published this content on 07 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 August 2023 20:25:38 UTC.
