3E Network Technology raises $1.3M via convertible note with institutional investor to boost AI infrastructure plans

3E Network Technology Group Limited signed a $1.3 million convertible note agreement with an institutional investor, raising $1.196 million in gross proceeds. The note carries an 8% original issue discount and is convertible into Class A ordinary shares, accompanied by warrants to purchase additional shares. This funding supports 3E Network's goal to advance as a next-generation AI infrastructure solutions provider. The company also agreed to file a registration statement with the SEC to facilitate resale of shares, with Boustead Securities acting as placement agent. This financing move strengthens 3E Network's capital base for its AI and IT business expansion.