3E Network Technology Group closed $5 million IPO, shares trading on Nasdaq under "MASK".

From GlobeNewswire: 2025-01-10 14:00:00

3 E Network Technology Group Limited (Nasdaq: MASK) closed its initial public offering, raising $5.00 million by selling 1,250,000 Class A ordinary shares at $4.00 per share. The shares are now trading on Nasdaq under the symbol “MASK.” The underwriters have an option to purchase 187,500 additional shares. The proceeds will be used for business expansion, working capital, research, and talent development. Craft Capital Management LLC and Boustead Securities, LLC were the underwriters. The Offering was conducted on a firm commitment basis, with a registration statement filed with the SEC (Registration No.: 333-276180) and declared effective on December 20, 2024. The Offering was made only by means of a prospectus and does not constitute an offer to sell securities.

3 E Network Technology Group Limited is a B2B IT solutions provider, offering software and hardware solutions for property management, exhibition services, and other sectors. The company’s main portfolios include software development and exhibition/conference services. The company’s forward-looking statements are based on current expectations and may involve risks and uncertainties. Investors are encouraged to review the Company’s filings with the SEC for more information. For further details, contact the Investor Relations Department at [email protected].



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