Antelope Enterprise Holdings Limited shares continued climbing Thursday after the company confirmed the closing of a $6 million offering of 8.00% convertible promissory notes to an accredited investor. The company received approximately $5.965 million in net proceeds after estimated offering expenses. AEHL rose 47.40% to $13.59 Thursday morning, according to Benzinga Pro data, after gaining 78.68% to close at $9.22 on Wednesday and adding 19.85% to $11.05 in after-hours trading. The notes have no fixed maturity date, accrue interest from Sept. 10 and are payable in cash. Holders may convert them on or after Sept. 10 into Class A ordinary shares at 80% of the lowest daily volume-weighted average price over the three trading days ending on the conversion date. The agreement includes a 9.99% beneficial-ownership cap, a 12 million-share conversion registration limit and compliance with Nasdaq’s 19.99% issuance rule. Antelope said the proceeds will support operations at Hainan Kylin Cloud Services Technology Co. Ltd., in which it holds a 51% stake, as it seeks to expand in China’s online social commerce sector.