Antelope Enterprise prices USD 6 million convertible promissory note offering
AEHL•Convertible note offering priced
Antelope Enterprise priced a USD 6 million convertible promissory note sold to Stratosphere Capital Management.
- Proceeds are expected to be about USD 6 million net of offering expenses.
- The note carries 8% annual cash interest and has no fixed maturity date.
- Conversion is set at 80% of the lowest daily VWAP over the three trading days through the conversion date.
- Conversions are capped at 9.99% beneficial ownership.
- Issuable shares are capped at 12,000,000.
