Welcome to our dedicated page for Addentax Group news (Ticker: ATXG), a resource for investors and traders seeking the latest updates and insights on Addentax Group stock.
Addentax Group Corp. reports developments tied to its China-based operating subsidiaries in logistics services, garment manufacturing, and property management and subleasing. Its logistics business covers storage, transportation, warehousing, handling, packaging, order processing, customs declaration, and tax clearance for export customers.
Company news commonly centers on governance matters, capital-structure updates, operating and financial results, regulatory disclosures, material agreements, and strategic discussions. Recent corporate updates have included reverse stock split actions and other disclosures affecting the company’s common stock and public-company governance.
Addentax Group Corp. (Nasdaq: ATXG) has successfully closed a public offering of 5 million shares at $5.00 per share, raising $25 million in gross proceeds. The offering was conducted on a firm commitment basis, with Network 1 Financial Securities as the sole book runner. This move follows the company's recent listing on the Nasdaq Capital Market on August 31, 2022. Additionally, underwriters have an option to purchase up to 750,000 more shares. This capital will support Addentax's business segments, which include garment manufacturing and logistics services.
Addentax Group Corp. (ATXG) announced an underwritten public offering of 5,000,000 shares at $5.00 per share, totaling approximately $25 million in gross proceeds. The offering is set to close on September 2, 2022, following SEC approval. An additional 750,000 shares may be bought by underwriters for over-allotments. The company, which focuses on garment manufacturing and related services, will commence trading on the Nasdaq Capital Market on August 31, 2022.