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Stock impact report

3 E Network Technology Group Limited Announces Closing of Nasdaq Initial Public Offering

3 E Network Technology Group Ltd - Class A Ordinary Shares (MASK) 
Company Research Source: GlobeNewswire
Guangzhou, China, Jan. 10, 2025 (GLOBE NEWSWIRE) -- 3 E Network Technology Group Limited (Nasdaq: MASK) (the “Company” or “3e Network”), a business-to-business (“B2B”) information technology (“IT”) business solutions provider, today announced the closing of its initial public offering (the “Offering”) of 1,250,000 Class A ordinary shares at a public offering price of US$4.00 per share. The Class A ordinary shares began trading on the Nasdaq Capital Market on January 8, 2025 under the ticker symbol “MASK.” The Company raised aggregate gross proceeds of US$5.00 million from the Offering, before deducting underwriting commissions and discounts and other related expenses payable by the Company. In addition, the Company has granted the underwriters an option, exercisable within 45 days from the date of the final prospectus, to purchase up to an aggregate of 187,500 additional Class A ordinary shares at the public offering price, less underwriting commissions and discounts. Proceeds fro Show less Read more
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