Antelope Enterprise Secures Equity Subscription Deal

Antelope Enterprise Holdings Ltd (AEHL) has released an update.

Antelope Enterprise Holdings Ltd has entered into a Standby Equity Subscription Agreement with an investor, allowing the company to issue up to 10 million Class A ordinary shares. The sale of these shares will be exempt from registration under the Securities Act of 1933, relying on the exemption provided by Section 4(a)(2) or other available exemptions. This agreement gives Antelope Enterprise Holdings the right, but not the obligation, to allot and issue shares to the investor, who in turn is obligated to subscribe, under specific terms during the Commitment Period.

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