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3 E Network Technology Group (MASK), a B2B IT solutions provider, has successfully completed its initial public offering on the Nasdaq Capital Market. The company offered 1,250,000 Class A ordinary shares at $4.00 per share, raising gross proceeds of $5.00 million. Trading began on January 8, 2025, under the symbol 'MASK'.
The underwriters have a 45-day option to purchase up to 187,500 additional shares at the public offering price. The proceeds will fund business expansion, working capital, R&D, and talent development. Craft Capital Management and Boustead Securities, served as underwriters for this firm commitment offering.
3 E Network Technology Group (MASK) has announced the pricing of its initial public offering on the Nasdaq Capital Market. The company is offering 1,250,000 Class A ordinary shares at $4.00 per share, aiming to raise approximately $5.00 million in gross proceeds. Trading is expected to commence on January 8, 2025, under the ticker symbol 'MASK'.
The underwriters have a 45-day option to purchase up to 187,500 additional shares. The offering is expected to close around January 10, 2025. Proceeds will be used for business expansion, working capital, R&D, and talent development. Craft Capital Management and Boustead Securities, are acting as underwriters for this firm commitment offering.
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