Antelope Enterprise Holdings, Ltd., a leading Chinese manufacturer of ceramic tiles used for exterior siding and for interior flooring and design in residential and commercial buildings, announced that it has entered into definitive agreements with certain institutional investors for a registered direct offering of securities with gross proceeds of $3,180,295, before payment of commissions and expenses. The closing of the offering is expected to take place on or about June 14, 2021, subject to the satisfaction of customary closing conditions.
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In connection with the offering, the Company will issue 913,875 registered common shares at a purchase price of $3.48 per share. Concurrently in a private placement, for each common share purchased by an investor, such investor will receive from the Company an unregistered warrant to purchase one common share. The warrants have an exercise price of $3.42 per share, will be exercisable on the date of issuance, and will expire five years from the date of issuance.
The Company plans to use the net proceeds from the offering for general corporate and working capital purposes.
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Dawson James Securities, Inc. is acting as the sole placement agent in connection with the offering.
The offering of the common shares described above (but not the warrants or the common shares underlying the warrants) is being made pursuant to an effective “shelf” registration statement on Form F-3 (File No. 333-228182), as amended, that was previously filed with the Securities and Exchange Commission (“SEC”) and declared effective by the SEC on November 19, 2018. The offering will be made only by means of a prospectus supplement and accompanying prospectus. A final prospectus supplement and accompanying prospectus related to the offering will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov. Copies of the prospectus supplement and the accompanying prospectus relating to this offering may be obtained by contacting Dawson James Securities, Inc.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
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