DealsSep 30, 2026, 06:21 AM
Addentax Group Corp. Raises $2.5M via Private Placement
AI Summary
Addentax Group Corp. announced a private placement agreement to issue and sell 520,834 shares of its common stock at $4.80 per share, raising approximately $2.5 million in gross proceeds. The company intends to use these funds for general corporate purposes, including working capital and potential strategic investments. The issuance will be conducted under Regulation S, exempt from U.S. registration requirements, and the shares will be offered to non-U.S. persons in offshore transactions.
Key Highlights
- Addentax Group Corp. entered into private placement agreements to issue and sell 520,834 shares of common stock.
- The shares will be sold at a purchase price of $4.80 per share.
- Aggregate gross proceeds from the private placement are approximately $2.5 million.
- Proceeds will be used for general corporate purposes, including working capital and strategic investments.
- The shares are being issued in reliance on Regulation S, exempt from U.S. registration requirements.
Price Impact
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