Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)
17 June 2021 - 12:57AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of June 2021
ANTELOPE ENTERPRISE HOLDINGS LTD.
(Translation of registrant's name into English)
c/o Jinjiang Hengda Ceramics Co., Ltd.
Junbing Industrial Zone, Anhai, Jinjiang City, Fujian Province,
PRC
Telephone +86 (595) 8576 5053
(Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will file
annual reports under cover of Form 20-F or Form 40-F.
Indicate
by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(1):
¨
Indicate
by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(7):
¨
Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing
the information to the Commission pursuant to
Rule 12g3-2(b) under the Securities Exchange Act of
1934.
If “Yes” is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-________.
On June 10, 20201, Antelope Enterprise Holdings Ltd. (the
“Company”) commenced a registered direct offering of securities,
and executed a Securities Purchase Agreement (“SPA”) with three
institutional accredited investors pursuant to which it sold
913,875 of the Company’s common shares at the per share price of
$3.48 (which was priced in excess of the average of the five day
closing price for the Company’s common shares preceding execution
of the SPA, which was $3.42) In a concurrent private placement, the
Company sold to such investors warrants to purchase 913,875 common
shares (the “Investor Warrants”). The Investor Warrants have an
exercise price per share of $3.42, subject to adjustment, and have
a term of five years. The Investor Warrants were sold without
registration under the Securities Act of 1933 (the “Securities
Act”) in reliance on the exemptions provided by
Section 4(a)(2) of the Securities Act as transactions not
involving a public offering and Rule 506 promulgated under the
Securities Act as sales to accredited investors. The proceeds of
the transaction will be used for working capital and general
working purposes. The Investor Warrants issued in the concurrent
private placement are not listed on any securities exchange, and
the Company does not expect to list the Investor Warrants. The
transactions yielded gross proceeds to the Company of $3,180,285,
before payment of commissions and expenses.
Dawson James Securities, Inc.(“Placement Agent”) acted as the
Company’s exclusive placement agent in connection with this
offering. The Company paid the Placement Agent a fee equal to eight
percent (8.0%) of the gross proceeds of the offering, and a
non-accountable expense allowance of $35,000. In addition, the
Company issued warrants (the “Placement Agent Warrants”) to the
Placement Agent to purchase a number of common shares equal to 5.0%
of the aggregate number of shares sold to the investors in this
offering, as well as the warrant shares issuable upon exercise of
the Warrants issued in the concurrent private placement, as
additional placement agency compensation. The Placement Agent
Warrants have substantially the same terms as the Investor
Warrants, except that the Placement Agent Warrants will have an
exercise price of $4.35. The Placement Agent received customary
indemnification in connection with the offering.
The foregoing descriptions of the Securities Purchase Agreement,
the Investor Warrants, and the Placement Agent Warrants, are
qualified in their entirety by reference to the full text of such
agreements, copies of which was attached hereto as
Exhibit 10.1, 10.2, and 10.3, and are incorporated herein in
its entirety by reference.
Exhibit |
|
Description |
|
|
|
10.1 |
|
Form of
Securities Purchase Agreement |
10.2 |
|
Form of
Investor Warrant |
10.3 |
|
Form of
Placement Agent Warrant |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned, hereunto duly authorized.
|
ANTELOPE
ENTERPRISE HOLDINGS LTD. |
|
|
|
|
By: |
/s/
Hen Man Edmund |
|
|
Hen
Man Edmund, Chief Financial Officer |
Date: June 16, 2021
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