AEHL Raises $6 Million Convertible Note to Fund Kylin Cloud Expansion
Antelope Enterprise announced closing a $6M convertible promissory note, netting about $5.965M to fund Hainan Kylin Cloud expansion (AEHL holds 51%). The 8% note has no fixed maturity and can be converted post-Sept 10 at 80% of the three-day VWAP, with caps to restrain dilution. The stock jumped roughly 47% on the news.
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