Antelope Enterprise Announces $1.0million Follow-On Private Plament
JINJIANGChina , Jan. 17, 2023 /PRNewswire/ – Antelope Enterprise Holdings Limited (NASDAQ Capital Market : AEHL). (“Antelope Enterprise” and the “Company”) operates KylinCloud. KylinCloud is a top social and livestreaming ecommerce platform, with 200,000+ anchors, influencers, as well as a legacy tile manufacturing business. ChinaToday,, announced that it had conducted a follow on private placement (or PIPE) financing. January 13Th, 2023 with an investment management company based in New York. The PIPE financing will be used to purchase 1,234,568 ordinary share at a price of $0.81The closing price for its ordinary shares on Nasdaq Capital Marketplace as of January 10, 2023. The gross proceeds from the private placement are $1.0 millionBefore deducting any fees and expenses.
The Company intends to use the net proceeds of the offering for expansion of its social ecommerce business as well as general corporate purposes.
Will Zhang, CEO of Antelope Enterprise, commented, “This follow-on private placement is indicative of strong investor interest in the growth potential of KylinCloud, our social ecommerce business. The total funding of $2.3 Million Our two most recent PIPEs bolster our balance sheet to speed the Company’s ongoing transformation into a leading pure-play in the rapidly growing social and livestreaming industry. China.”
Securities being sold in private placement are not registered under the Securities Act of 33, as amended (the “Securities Act”) and any state’s securities laws. They are being issued and sold under an exemption from registration required by the Securities Act. The securities cannot be offered or sold in any country. The United StatesExcept pursuant to an effective registered statement or an applicable exemption from registration requirements under the Securities Act, This press release is not intended to be an offer to sell, solicitation of an offer for purchase, or any sale of the securities in any state, jurisdiction, or country in which such offer, solicitation, sale, or transfer would be illegal before the registration or qualification according to the securities laws in that state or jurisdiction.
About Antelope Enterprise Holdings Limited
Antelope Enterprise Holdings Limited has a 51% stake in Hainan Kylin Cloud Services Technology Co. Ltd (“KylinCloud”) which is a leading social and live streaming platform for ecommerce with over 200,000 influencers. In addition, the Company owns a legacy ceramic tile manufacturing business. China.
Visit our website for more information http://www.aehl-kylin.com/Follow the Company on twitter at https://twitter.com/aehl_ltd. Email to receive company announcements [email protected].
Safe Harbor Statement
This press release includes “forward-looking” statements that are subject to the protections of Section 27A of Securities Act of 33, as amended, or Section 21E of Securities Exchange Act of 34, as amended. Forward-looking information includes statements regarding our beliefs, plans objectives, goals, expectations and anticipations. They also include statements about our future performance and capital. This press release contains forward-looking statements, including, but not limited to, statements regarding the PRC’s stable macroeconomic environment, its real estate, construction, and technology sectors continuing their sound long-term fundamentals. Our ability to bring additional ceramic tiles production capacity online going ahead as our business improves. We also have to consider whether our increased marketing efforts will help increase customer acceptance of our new price points. Forward-looking statements can be made in all statements, except statements of historical fact. These forward-looking statements can be identified by our use of words like “may”, “will”, “anticipate”, “should”, “indicate,” and “would.”
Any forward-looking statements, whether oral or written, that we make are specifically qualified in full by this cautionary warning. December 31, 2021 SEC filings and reports. You can request such reports from the Company, the Securities and Exchange Commission or through the SEC’s Internet site at http://www.sec.gov. We are not under any obligation to correct, update, revise, or modify any forward-looking statements made after this date or the dates on which they were made.
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SOURCE Antelope Enterprise Holdings Ltd.