3 E Network Technology Group Ltd (MASK) Form 6-K — Oct 23, 2026
3 E Network Technology Group (Nasdaq: MASK) entered a subscription agreement on October 23, 2026 for a $5.0 million private placement of 2,751,789 Class A ordinary shares at approximately $1.8170 per share, sold under the Section 4(a)(2)/Rule 506(b) exemption. The largest purchaser is 3E NETWORK TECHNOLOGY PTE. LTD., a vehicle controlled by CEO and director Dr. Tingjun Yang, subscribing $2.10 million — a related-party transaction approved by the Audit Committee and Board.
Key figures
- Gross Proceeds
- 5000000
- Offering Price
- 1.817
- Shares Offered
- 2751789
- Long stop date
- 2026-11-23
- Reverse split ratio
- 2:1 (two old shares into one new share)
- Yang investor shares
- 1157823
- Yang investor amount usd
- 2103764.12
- Post split effective date
- 2026-10-30
- Individual purchaser shares each
- 265661
- Purchase price pre consolidation
- 0.9085
- Pre consolidation class a outstanding
- 5230209
AI analysis
Red flags5 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.