Company: MASK
Filing Date: 2025-01-10
Form Type: 424B4
Source: 0001213900-25-002376
Chunk: 120

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-01-10
Form: 424B4
Chunk 120
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 Protocol. Such lack of inspection or re -evaluationcould cause trading in our securities to be prohibited on a national exchange or in the over -the -countertrading market under the HFCA Act, and, as a result, Nasdaq may determine to delist our securities, which may cause the value of our securities to decline or become worthless. Shares eligible for future sale may adversely affect the market price of our Class A Ordinary Shares, as the future sale of a substantial amount of outstanding Class A Ordinary Shares in the public marketplace could reduce the price of our Class A Ordinary Shares. The market price of our Class A Ordinary Shares could decline as a result of sales of substantial amounts of our Class A Ordinary Shares in the public market, or the perception that these sales could occur. In addition, these factors could make it more difficult for us to raise funds through future offerings of our Class A Ordinary Shares. An aggregate of 10,000,000 Class A Ordinary Shares are issued and outstanding before the consummation of this offering and 11,250,000 Class A Ordinary Shares will be issued and outstanding immediately after this offering, assuming the underwriters do not exercise the option to purchase additional Class A Ordinary Shares. All of the shares sold in the offering will be freely transferable without restriction or further registration under the Securities Act. The remaining Class A Ordinary Shares will be “restricted securities” as defined in Rule 144. These shares may be sold in the future without registration under the Securities Act to the extent permitted by Rule 144 or other exemptions under the Securities Act. 58 You will experience immediate and substantial dilution. The initial public offering price of our Class A Ordinary Shares is expected to be substantially higher than the pro forma net tangible book value per share of our Class A Ordinary Shares. After the completion of the offering at a price of US$4.00 per Class A Ordinary Share, if you purchase shares in this offering, you will incur immediate dilution of approximately US$3.52 or approximately 88.08% in the pro forma net tangible book value per share from the price per share that you pay for the Class A Ordinary Shares. Accordingly, if you purchase shares in this offering, you will incur immediate and substantial dilution of your investment. See “Dilution” on page 72 of this prospectus. We have not finally determined the use of the proceeds from this offering, and we may use the proceeds in ways with which you may not agree. While we have identified the priorities to which we expect to