Antelope Enterprise Holdings announces $1M follow-on private placement

Antelope Enterprise Holdings announced that it has conducted a follow-on private placement or PIPE financing announced on January 13th, 2023, with an investment management firm based in New York. The PIPE financing is for the sale of 1,234,568 ordinary shares at a price per share of 81c, the closing price of its ordinary shares on the Nasdaq Capital Market as of January 10, 2023. The gross proceeds of the private placement are $1M, before deducting any fees or expenses. The company plans to use the net proceeds from the offering for the expansion of the Company’s social ecommerce business and for general corporate purposes.