STOCK TITAN

Addentax agrees to roughly $2.5M private placement

The shares have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption.

(Moderate)

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Form Type
8-K

Rhea-AI Filing Summary

On September 28, 2026, Addentax Group Corp. agreed to issue and sell 520,834 shares of common stock to Chan Kai Sang at $4.80 per share in a private placement, for approximately $2.5 million in aggregate gross proceeds.

Closing is subject to the satisfaction or waiver of customary closing conditions. Addentax intends to use the net proceeds for general corporate purposes, including working capital and potential strategic investments.

Filing Explained

If completed, adding 520,834 shares would dilute existing holders’ percentage ownership; the unregistered shares face U.S. resale restrictions.

Addentax Group Corp. has agreed to issue 520,834 common shares, subject to closing conditions; if completed, the issuance would reduce existing holders’ percentage ownership absent offsetting changes.

The shares are not registered under the Securities Act and are expected to be issued under Regulation S; when issued, they will bear restrictive legends and may not be offered or sold in the United States absent registration or an applicable exemption.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 3.02 Unregistered Sales of Equity Securities Securities
The company sold equity securities in a private placement or other unregistered transaction.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Shares to be issued 520,834 shares Private placement, subject to customary closing conditions
Purchase price $4.80 per share Common stock in the private placement
Aggregate gross proceeds Approximately $2.5 million Private placement
Private Placement financial
"aggregate gross proceeds of approximately $2.5 million (the “Private Placement”)"
A private placement is a sale of securities directly to a selected group of investors, typically institutions or accredited investors, instead of through a public offering. It lets a company raise money faster and with fewer regulatory steps; for existing shareholders it matters because the newly issued shares, often sold at a discount, increase the share count and can dilute their ownership.
Regulation S regulatory
"exemption from the registration requirements ... provided by Regulation S"
Regulation S is a set of rules that allows companies to sell securities (like shares or bonds) to investors outside the United States without having to follow all U.S. securities laws. It matters because it makes it easier for companies to raise money from international investors while still complying with U.S. regulations.
offshore transaction regulatory
"expected to occur in an offshore transaction in accordance with Regulation S"
restrictive legends regulatory
"will bear customary restrictive legends under the Securities Act"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many ATXG shares are in the private placement, and at what price?

Addentax agreed to issue and sell 520,834 shares of common stock at $4.80 per share. The agreements provide for approximately $2.5 million in aggregate gross proceeds.

How will ATXG issue the private-placement shares?

The shares are expected to be issued in reliance on the Regulation S exemption, in an offshore transaction. The investors are not U.S. persons, and the shares will bear customary restrictive legends when issued.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): September 30, 2026

 

Addentax Group Corp.

(Exact name of registrant as specified in its charter)

 

Nevada   001-41478   35-2521028

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

Kingkey 100, Block A, Room 4805,

Luohu District, Shenzhen City, China

 

 

518000

(Address of principal executive offices)   (Zip Code)

 

+(86) 755 86961 405

(Registrant’s telephone number, including area code)

 

N/A

(Former Name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, par value $0.001 per share   ATXG   Nasdaq Capital Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 
 

 

Item 1.01 Entry into a Material Definitive Agreement.

 

On September 28, 2026, Addentax Group Corp. (the “Company”) entered into a private placement agreements (collectively, the “Private Placement Agreements”) with Mr. Chan Kai Sang (the “Investors”), pursuant to which the Company agreed to issue and sell an aggregate of 520,834 shares of its common stock, at a purchase price of $4.80 per share, for aggregate gross proceeds of approximately $2.5 million (the “Private Placement”). The Company intends to use the net proceeds from the Private Placement for general corporate purposes, including working capital and potential strategic investments.

 

The Private Placement Agreements contain customary representations, warranties and covenants of the Company and the Investors. The closing of the Private Placement is subject to the satisfaction or waiver of customary closing conditions set forth in the Private Placement Agreements.

 

The shares of common stock to be issued pursuant to the Private Placement Agreements are expected to be issued in reliance upon the exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”) provided by Regulation S promulgated thereunder. The shares have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act.

 

The foregoing description of the Private Placement Agreements does not purport to be complete and is qualified in its entirety by reference to the Private Placement Agreements, copies of which are filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

 

Item 3.02 Unregistered Sales of Equity Securities.

 

The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 3.02. The shares of common stock to be issued pursuant to the Private Placement Agreements are expected to be issued in reliance upon the exemption from the registration requirements of the Securities Act provided by Regulation S promulgated thereunder. The Investors are not “U.S. persons” (as defined in Regulation S), and the issuance of the shares is expected to occur in an offshore transaction in accordance with Regulation S.

 

The shares, when issued, will bear customary restrictive legends under the Securities Act.

 

Item 9.01 Financial Statements and Exhibits.

 

Exhibit No.    
10.1   Private Placement Agreement dated September 28, 2026, by and between the Company and Chan Kai Sang
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  Addentax Group Corp.
     
Date: September 30, 2026 By: /s/ Hong Zhida
    Hong Zhida
    Chief Executive Officer

 

 

Filing Exhibits & Attachments

4 documents

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