Antelope Enterprise Announces $100M ATM Offering

Antelope Enterprise Announces $100M ATM Offering

Antelope Enterprise Holdings Ltd (NASDAQ:AEHL) announced an at‑the‑market (ATM) share offering program that caused its shares to fall 5.5% in after‑hours trading on Thursday. The company entered into an At‑the‑Market Issuance Sales Agreement dated October 1, 2026 with D. Boral Capital LLC, which will act as the sales agent for the program.

Under the agreement, Antelope may sell Class A ordinary shares at prevailing market prices for an aggregate offering price of up to $100 million, or the maximum dollar amount permitted under its current shelf registration capacity, whichever is lower. The total number of shares sold cannot exceed the company’s authorized but unissued Class A ordinary shares. The timing and volume of each sale will be determined at the company’s discretion, and sales may be conducted using methods defined as an “at‑the‑market offering” under Securities Act rules.

The company stated that the proceeds will be used for general corporate purposes, specifically working capital, capital expenditures and other business purposes. It added that the program is intended to diversify its financing channels and strengthen financial flexibility to support future strategic initiatives and capital activities.

Antelope Enterprise provides livestreaming ecommerce services, business management and information systems consulting services in China. It holds a 51% ownership stake in Hainan Kylin Cloud Services Technology Co. Ltd, which operates a livestreaming e‑commerce business in China.