Addentax Group to Raise $1.2M via Private Placement of 250,000 Shares

Addentax Group Corp. has entered into a Private Placement Agreement with Pinnacle Partners Inc. to issue and sell 250,000 shares of its common stock. The shares will be sold at a purchase price of $4.80 per share, generating approximately $1.2 million in gross proceeds for the company. This private placement is exempt from registration requirements under Regulation S, with the shares being issued to a non-U.S. person in an offshore transaction.