SuperX Announces Progress on Share Repurchase Program, Demonstrating Confidence in Long-Term Development

Rhea-AI Summary

SuperX (Nasdaq: SUPX) updated investors on its share repurchase program authorized November 26, 2025, for up to US$20 million. As of April 9, 2026, the company repurchased 1,286,580 ordinary shares at an average net price of $8.93 per share.

The company says the buyback reflects the board's confidence in long-term growth and aims to strategically deploy capital to enhance shareholder value while maintaining financial flexibility.

Positive

• $20 million authorized share repurchase program
• Repurchased 1,286,580 ordinary shares as of April 9, 2026
• Average net repurchase price of $8.93 per share

Negative

• None.

Key Figures

Repurchase authorization: $20 million Shares repurchased: 1,286,580 shares Average repurchase price: $8.93 per share +5 more

8 metrics

Repurchase authorization $20 million Maximum size of share repurchase program announced Nov 26, 2025

Shares repurchased 1,286,580 shares Aggregate ordinary shares repurchased as of Apr 9, 2026

Average repurchase price $8.93 per share Average net price paid under the buyback program

Current share price $7.43 Pre-news price context from market data

1-day price change -4.5% Price change in the 24h before this article

52-week high $76.5 52-week high level vs current price

52-week low $6.61 52-week low level vs current price

Short interest 1.47% of float Reported short percent of 25,108,814-share float

Market Reality Check

Price: $7.43 Vol: Volume 282,947 vs 20-day ...

normal vol

$7.43 Last Close

Volume Volume 282,947 vs 20-day average 352,065 (relative volume 0.8x) ahead of this buyback update. normal

Technical Shares at $7.43, trading 90.29% below 52-week high of $76.5 and below 200-day MA of $28.41.

Peers on Argus

SUPX was down 4.5% while peers were mixed: RAMP up 1.72%, TUYA up 0.42%, GB up 0...

1 Up

SUPX was down 4.5% while peers were mixed: RAMP up 1.72%, TUYA up 0.42%, GB up 0.13%, and FLYW/NYAX modestly negative. Momentum scanner only flagged NYAX up, suggesting stock-specific dynamics around SUPX.

Previous Buybacks Reports

1 past event · Latest: Nov 26 (Positive)

Same Type Pattern 1 events

Date	Event	Sentiment	Move	Catalyst
Nov 26	Share repurchase authorization	Positive	+23.2%	Board authorized a $20M share repurchase program over one year.

Pattern Detected

Limited history, but prior buyback authorization coincided with a strong positive move.

Recent Company History

In the past months, SUPX news flow highlighted strategic expansion and capital actions. A prior $20 million share repurchase authorization on Nov 26, 2025 was followed by a strong positive price reaction. Subsequent operational wins in Japan and major AI supply center milestones saw negative reactions despite seemingly growth-oriented updates. Today’s announcement continues the same buyback program, shifting focus from authorization to tangible execution volumes and pricing.

Historical Comparison

+23.2% avg move · Past buyback news for SUPX (one prior event) was followed by a strong positive reaction of 23.19%, s...

buybacks

+23.2%

Average Historical Move buybacks

Past buyback news for SUPX (one prior event) was followed by a strong positive reaction of 23.19%, setting a bullish historical reference point for similar capital return announcements.

This marks progression from the initial authorization of a $20 million share repurchase program to detailed disclosure of executed buybacks, including total shares and average prices.

Market Pulse Summary

This announcement details progress on SUPX’s previously authorized $20 million share repurchase prog...

Analysis

This announcement details progress on SUPX’s previously authorized $20 million share repurchase program, including repurchases of 1,286,580 shares at an average $8.93. Historically, the initial buyback authorization on Nov 26, 2025 preceded a strong positive move, while other growth-oriented news saw weaker reactions. Investors may watch future disclosures on remaining authorization, pace of repurchases, and how these intersect with the stock’s position 90.29% below its $76.5 52-week high.

Key Terms

share repurchase program, ordinary shares, block trades, rule 10b-18, +1 more

5 terms

share repurchase program financial

"the Company's board of directors authorized a share repurchase program"

A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.

ordinary shares financial

"repurchase up to US$20 million of its ordinary shares"

Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.

block trades financial

"in privately negotiated transactions, in block trades, and/or through other"

A block trade is a single, large buy or sell of shares or bonds arranged privately between big traders rather than piecemeal on the public market. Think of it like buying a whole shipment at once instead of many small shopping trips; it lets large holders move big positions with less immediate disruption but can signal strong buying or selling pressure and cause price swings once the trade is known, so investors watch block trades for clues about market sentiment and liquidity.

rule 10b-18 regulatory

"including the safe harbor provisions of Rule 10b-18 under the U.S."

Rule 10b-18 is a regulation that sets strict rules for how a company's executives and employees can buy back their own company's stock from the market. It helps ensure that these buybacks happen in a fair and transparent way, reducing the chance of market manipulation. This is important for investors because it offers protection against unfair practices and promotes confidence in the integrity of the stock market.

u.s. securities exchange act of 1934 regulatory

"under the U.S. Securities Exchange Act of 1934, as amended"

A U.S. federal law that acts as the rulebook for trading and reporting by public companies, securities exchanges and market participants; it created the agency that enforces those rules. It requires ongoing public disclosure of financial results and major events, sets standards to prevent fraud and insider trading, and governs how markets operate—think of it as the referee and scorekeeper that helps investors see reliable, timely information and trust the fairness of the market.

AI-generated analysis. Not financial advice.

SINGAPORE, April 10, 2026 /PRNewswire/ -- SuperX AI Technology Limited (Nasdaq: SUPX, the "Company" or "SuperX"), a provider of AI infrastructure solutions, today announced an update on the progress of its share repurchase program.

As previously announced on November 26, 2025, the Company's board of directors authorized a share repurchase program under which the Company may repurchase up to US$20 million of its ordinary shares.

As of April 9, 2026, the Company has repurchased an aggregate of 1,286,580 Ordinary Shares under the program. The average net repurchase price was $8.93 per Ordinary Share.

The ongoing execution of the share repurchase program underscores the Board's confidence in SuperX's long-term growth and business model. The Company believes that its current market valuation does not fully reflect its intrinsic value or its strong growth potential as a full-stack AI infrastructure solutions provider. This program allows the Company to strategically deploy capital to enhance long-term shareholder value while maintaining the financial flexibility required.

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 U.S. Securities Exchange Act of 1934, as amended.

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.

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SOURCE SuperX AI Technology Ltd

FAQ

How many shares has SuperX (SUPX) repurchased under the $20M program as of April 9, 2026?

SuperX has repurchased 1,286,580 ordinary shares as of April 9, 2026. According to the company, purchases were made through open market, block trades and other legally permissible means in compliance with securities laws.

What is the average price SuperX (SUPX) paid per share in the repurchase program?

The average net repurchase price was $8.93 per share. According to the company, that average reflects a mix of open market, negotiated and block transactions executed under the program.

How large is SuperX's (SUPX) authorized repurchase program and when was it approved?

The board authorized a repurchase program of up to US$20 million, approved on November 26, 2025. According to the company, the program is intended to enhance long-term shareholder value while preserving flexibility.

What methods has SuperX (SUPX) used to execute its share repurchases?

SuperX executed repurchases via open market trades, privately negotiated transactions and block trades. According to the company, all transactions complied with applicable securities laws, including Rule 10b-18 safe harbor provisions.

What does the share repurchase program signal about SuperX (SUPX)'s outlook for long-term growth?

The company says the repurchase underscores the board's confidence in SuperX's long-term growth and business model. According to the company, management believes current market valuation may not reflect the firm's intrinsic value and growth potential.