PartnershipJul 21, 2026, 11:57 AM
SuperX AI and Mercuria Asia form strategic partnership, $26.9M investment
AI Summary
SuperX AI Technology Limited announced a strategic partnership with Mercuria Asia to jointly develop AI data center infrastructure across Southeast Asia and Central Asia. As part of this partnership, SuperX entered into a Convertible Note and Warrant Subscription Agreement with Mercuria Holdings, issuing $26,895,000 in convertible notes and warrants to acquire up to 1,100,000 ordinary shares. The notes and warrants both have a conversion/exercise price of $8.15 per Ordinary Share, with the notes maturing in 12 months at an interest rate of approximately 6.22%.
Key Highlights
- Formed a long-term global strategic partnership with Mercuria Asia.
- Will jointly develop AI data center infrastructure across Southeast Asia and Central Asia.
- Entered a Convertible Note and Warrant Subscription Agreement with Mercuria Holdings.
- Issued $26,895,000 aggregate principal senior unsecured convertible notes.
- Issued warrants to acquire up to 1,100,000 ordinary shares.
- Convertible notes have a conversion price of $8.15 per Ordinary Share.
- Warrants have an exercise price of $8.15 per Ordinary Share.
- Company reserved 4,400,000 Ordinary Shares for the financing.
Price Impact
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