Company: AEHL
Filing Date: 2025-08-05
Form Type: 20-F/A
Source: 0001641172-25-022290
Chunk: 84

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-08-05
Form: 20-F/A
Chunk 84
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 shares and $1.0 in
cash for each warrant. The holders, collectively, owned 202,030 warrants at the time of entering into the warrant exchange agreement,
and received 101,018 restricted Class A ordinary shares and $202,030 in cash upon closing of the transaction.

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On March 15, 2024, we entered into a securities purchase agreement with investors, pursuant to which we agreed to sell 1,727,941 Class A ordinary shares at a per share purchase price of $1.36. The gross proceeds were approximately $2.35 million, before deducting any fees or expenses. The net proceeds from this offering are used for the expansion of the business in the U.S., for the recruitment of personnel in the U.S. and for general corporate purpose.

On March 25, 2024, we entered into standby equity subscription agreements with three investors, pursuant to which, we investors have the obligation to subscribe for, each up to 10,000,000 the Class A ordinary shares of the company, each at the subscription price, which equals to the lesser of (i) the average closing price of the Class A ordinary shares during the for the three consecutive trading days commencing on the applicable Advance Notice Date (as defined in the Subscription Agreement), or (ii) $1.12. Any proceeds that the company receives under the subscription agreements are expected to be used for the repayment of three promissory notes with an aggregate outstanding balance of approximately $6.75 million, the expansion of the business in the U.S., for the recruitment of personnel in the U.S. and for general corporate purpose.

On April 2, 2024, we entered into a warrant exchange agreement with certain holder of warrants to purchase Class A ordinary shares, no par value each, (of the Company, pursuant to which the Holder agreed to surrender the Warrants for cancellation and the Company agreed, in exchange, to issue 0.5 restricted Class A ordinary shares for each Warrant. The holder owned 60,052 warrants at the time of entering into the warrant exchange agreement, and received 30,026 restricted Class A ordinary shares upon closing of the transaction as contemplated in the warrant exchange agreement.

On April 15, 2024,we entered into a warrant exchange agreement with a holder of warrants to purchase Class A ordinary shares, pursuant to which the holder agreed to surrender the Warrants for cancellation and we agreed, in exchange, to issue 0.5 restrictedClass A