Antelope Enterprise Holdings Ltd. Reports $990K Convertible Note Agreement - Dec 2024 Insights

Here are the key insights extracted from the provided financial report section:

1. Company Identification:

• Name: Antelope Enterprise Holdings Ltd.
• Type of Filing: Form 6-K, which is a report of foreign private issuers.

2. Report Date:

• The report is for the month of December 2024.

3. Transaction Details:

• The company entered into a Convertible Promissory Note Purchase Agreement on November 19, 2024.
• The agreement involves the issuance of $990,000 worth of convertible notes.
• These notes are intended for purchasing the company’s Class A ordinary shares in a registered direct offering.
• The closing date for the sale of the notes will be mutually agreed upon by Antelope Enterprise Holdings and the institutional investor.

4. Legal Documentation:

• Copies of the Purchase Agreement and the Convertible Note are included as exhibits (specifically Exhibits 10.1 and 10.2).
• A legal opinion from the company's British Virgin Islands counsel, Harney Westwood & Riegels LP, is also attached as Exhibit 5.1.

5. Incorporation of Information:

• The contents of this report are incorporated by reference into the company's Registration Statements on Form F-3 (Registration No. 333-260958).

6. Signature:

• The report is signed by Tingting Zhang, the Chief Executive Officer of Antelope Enterprise Holdings Ltd., on December 17, 2024.

This report primarily highlights a significant financial transaction involving convertible notes, indicating the company's strategy for raising capital through equity-linked instruments. The inclusion of legal opinions and the incorporation of this report into existing registration statements suggest due diligence and compliance with regulatory requirements.