On June 28th, 2024, Antelope Enterprise (AEHL.US) announced that it had entered into two specific security purchase agreements ("SPA") with two specific investors for RSP trading. Accordingly, the company agreed to sell 21,617 Class A ordinary shares (each share disregarding par value) and 86,468 Class A ordinary shares (a total of 108,100 Class A ordinary shares, hereinafter referred to as "shares") to the two buyers.
The issue price per share is $2.313, and the total income the company received from this issue before deducting any fees or expenses is about $250,000. The company plans to use the net proceeds from this issue to repay a $100,000 loan owed by the company, expand its business in the United States, recruit personnel and for general corporate purposes. These shares will be issued to the buyers after all trading conditions are met on July 2nd, 2024.