SuperX Announces an Update on the Progress of Share Repurchases Program, to Demonstrate Confidence in Long-Term Growth Value
SuperX details a new US$20 million, 12‑month share repurchase plan and discloses its first recorded buyback transaction under the program.
Rhea-AI Summary
SuperX (SUPX) has updated investors on its share repurchase activity under a new buyback program authorized on August 6, 2026.
The 2026 Repurchase Program permits the company to repurchase up to US$20 million of its ordinary shares over the next twelve months. On September 8, 2026, SuperX repurchased 119,360 ordinary shares at an average net price of US$7.7691 per share.
The company states that its current market valuation does not fully reflect its intrinsic value or long-term growth prospects, and describes buybacks as a capital allocation tool to enhance shareholder value while maintaining financial flexibility for core business expansion.
Positive
- 2026 Repurchase Program authorizes up to US$20 million of share buybacks over 12 months
- Initial execution includes repurchase of 119,360 shares at US$7.7691 average net price
Negative
- None.
Details
Market Reaction – SUPX
Following this news, SUPX has gained 2.39%, reflecting a moderate positive market reaction. The stock is currently trading at $7.70. Trading volume is very high at 3.5x the average, suggesting strong buying interest.
Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.
Key Figures
- Repurchase authorization
- US$20 million
- 2026 Repurchase Program over twelve months
- Shares repurchased
- 119,360 ordinary shares
- September 8, 2026
- Average repurchase price
- US$7.7691 per ordinary share
- September 8, 2026 repurchases
Previous Buybacks Reports
-
Reported 5,630 shares repurchased under the 2026 program and reiterated valuation confidence.
-
Launched the 2026 program after completing the prior $20 million authorization.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
rule 10b-18 regulatory
rule 10b5-1 trading plans regulatory
800 volts direct current (800vdc) technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
The Company's Board of Directors authorized a new share repurchase program (the "2026 Repurchase Program") as of August 6, 2026, under which the Company may repurchase up to
The Board and management believe the Company's current market valuation does not fully capture its intrinsic value and long-term growth potential. Share repurchases serve as a key capital allocation tool to enhance shareholder value while preserving sufficient financial flexibility and sustaining strategic investments in core business expansion. The continued execution of repurchases demonstrates the Company's confidence in its competitive strengths and long-term growth prospects.
The repurchases have been made from time to time in the open market at prevailing market prices, in privately negotiated transactions, in block trades, and/or through other legally permissible means, in compliance with applicable securities laws, including the safe harbor provisions of Rule 10b-18 under the
About SuperX AI Technology Limited (NASDAQ: SUPX)
SuperX AI Technology Limited is an AI infrastructure solutions provider, offering a comprehensive portfolio of proprietary hardware, advanced software, and end-to-end services for AI data centers. The Company's services include advanced solution design and planning, cost-effective infrastructure product integration, and end-to-end operations and maintenance. Its core products include high-performance AI servers, 800 Volts Direct Current (800VDC) solutions, high-density liquid cooling solutions, as well as AI cloud and AI agents. Headquartered in Singapore, the Company serves institutional clients globally, including enterprises, research institutions, and cloud and edge computing deployments. For more information, please visit www.superx.sg
Safe Harbor Statement
This press release may contain forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as "may," "should," "expects," "anticipates," "contemplates," "estimates," "believes," "plans," "projected," "predicts," "potential," or "hopes" or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement.
Forward-looking statements are only predictions. The reader is cautioned not to rely on these forward-looking statements. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur.
Follow our social media:
X.com: https://x.com/SUPERX_AI_
LinkedIn: https://www.linkedin.com/company/superx-ai
Facebook: https://www.facebook.com/people/Super-X-AI-Technology-Limited/61578918040072/#
View original content:https://www.prnewswire.com/news-releases/superx-announces-an-update-on-the-progress-of-share-repurchases-program-to-demonstrate-confidence-in-long-term-growth-value-302873690.html
SOURCE SuperX AI Technology Limited