Antelope Enterprise closes $6 million convertible note offering
AEHL•Antelope Enterprise Holdings closed a $6 million convertible promissory note offering on September 15, 2026, raising approximately $6 million before expenses. The note carries 8% annual interest, has no fixed maturity date and converts at 80% of the lowest daily volume-weighted average share price over a three-trading-day period, subject to a 9.99% ownership limit.
1. Offering terms
Antelope Enterprise Holdings closed the $6 million convertible promissory note offering on September 15, 2026, raising approximately $6 million before expenses. The note bears 8% annual interest and has no fixed maturity date.
2. Conversion details
The note converts into Class A ordinary shares at 80% of the lowest daily volume-weighted average share price over the three trading days ending on the conversion date. Conversion is subject to a 9.99% beneficial ownership limit.
