SuperX Announces Progress on Share Repurchase Program, Initiates New Buyback Plan to Reinforce Confidence in Long-Term Growth Value
Rhea-AI Summary
SuperX (Nasdaq: SUPX) reported the completion of its previously authorized 2025 share repurchase program, under which it bought back an aggregate 2,326,089 ordinary shares at an average net price of $8.58 per share as of August 4, 2026.
According to SuperX, the board has now approved a new 2026 share repurchase program, authorizing up to US$20 million of additional buybacks over the next twelve months starting August 6, 2026. Repurchases may be executed via open market and privately negotiated transactions, in compliance with Rule 10b-18 and potentially under Rule 10b5-1 trading plans.
Positive
- 2025 buyback completed with 2,326,089 shares repurchased at $8.58 average price
- New 2026 repurchase authorization of up to US$20 million over 12 months
- Board links continued buybacks to confidence in long-term growth and valuation
Negative
- None.
Market reaction after 12-month buyback plan: SUPX +3.22%
Following this news, SUPX has gained 3.22%, reflecting a moderate positive market reaction. The stock is currently trading at $6.73.
Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.
Key Figures
Previous Buybacks Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 10 | Buyback progress | Positive | -4.8% | Repurchased 1,286,580 shares at an average net price of $8.93 |
| Nov 26 | Buyback authorization | Positive | +23.2% | Board authorized a $20 million share repurchase program |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Buyback-tagged events showed mixed reactions: one diverged negatively from the announcement's positive framing, while another aligned positively.
Key Terms
rule 10b-18 regulatory
rule 10b5-1 trading plans regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
As of August 4, 2026, the Company has repurchased an aggregate of 2,326,089 ordinary shares under the program. The average net repurchase price was
Meanwhile, the 2025 Repurchase Program has been completed on August 4, 2026. On August 6, 2026, the Company's board of directors authorized a share repurchase program under which the Company may repurchase up to
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
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-progress-on-share-repurchase-program-initiates-new-buyback-plan-to-reinforce-confidence-in-long-term-growth-value-302846038.html
SOURCE SuperX AI Technology Limited