STOCK TITAN

Addentax Group (ATXG) plans $1.2M Regulation S private placement

(Moderate)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Addentax Group Corp. entered into a Private Placement Agreement with Pinnacle Partners Inc., a British Virgin Islands company, on July 28, 2026. Addentax agreed to issue and sell 250,000 shares of common stock at $4.80 per share, for aggregate gross proceeds of approximately $1.2 million, in a private placement exempt from registration under the Securities Act using Regulation S. Closing is subject to satisfaction or waiver of customary closing conditions in the agreement. The investor is not a U.S. person, and the issuance is expected to occur in an offshore transaction under Regulation S. The shares will be unregistered, bear customary restrictive legends, and may not be offered or sold in the United States without registration or an applicable exemption.

Positive

  • None.

Negative

  • None.

Filing Explained

The 250,000-share deal is not reported as closed; if completed, it would reduce existing holders’ percentage ownership.

The July 28, 2026 Form 8-K reports that Addentax Group agreed to an unregistered equity sale, with closing still subject to customary conditions; no completed issuance is reported.

If the closing occurs, issuing the 250,000 new common shares would increase the total share count and reduce existing holders’ percentage ownership, absent offsetting changes.

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, and exhibit attachments filed with this report.
Shares to be issued 250,000 shares Common stock under Private Placement Agreement
Purchase price per share $4.80 per share Price agreed with Pinnacle Partners Inc.
Gross proceeds approximately $1.2 million Aggregate gross proceeds from the private placement
Par value $0.001 per share Par value of Addentax common stock
Exhibit number Exhibit 10.1 Private Placement Agreement dated July 28, 2026
Private Placement Agreement financial
"entered into a Private Placement Agreement with Pinnacle Partners Inc."
Regulation S regulatory
"in reliance upon the 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.
U.S. person regulatory
"The Investor is not a U.S. person as defined in Regulation S"
A U.S. person is anyone or any entity treated as subject to U.S. rules for taxes, securities and other regulations — typically U.S. citizens, lawful permanent residents, people who live in the U.S. long-term, and companies, trusts or estates organized under U.S. law. It matters to investors because being classified as a U.S. person can determine what investments you may buy, what disclosures or reports are required, and which tax and compliance obligations apply, like a membership badge that decides which rulebook governs you.
restrictive legends regulatory
"The Shares, when issued, will bear customary restrictive legends under the Securities Act"

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FAQ

What agreement did Addentax Group Corp. (ATXG) enter into on July 28, 2026?

Addentax Group Corp. entered into a Private Placement Agreement with Pinnacle Partners Inc. Under it, Pinnacle agreed to buy 250,000 common shares at $4.80 each, providing about $1.2 million in gross proceeds, subject to customary closing conditions.

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

Addentax is selling 250,000 shares of common stock at a purchase price of $4.80 per share. This transaction is structured as a private placement to a single investor, generating approximately $1.2 million in aggregate gross proceeds before any expenses.

Who is the investor in Addentax Group’s (ATXG) private placement?

The investor is Pinnacle Partners Inc., a British Virgin Islands company. It is characterized as not a U.S. person for purposes of Regulation S, and the share issuance is expected to occur in an offshore transaction consistent with that regulatory framework.

Is Addentax Group’s (ATXG) private placement registered with the SEC?

The shares in this transaction are not registered under the Securities Act. Addentax expects to rely on Regulation S, which provides an exemption from registration for certain offshore offerings, rather than filing a registration statement for this specific issuance.

What restrictions apply to the ATXG shares issued in the private placement?

The shares will be restricted securities. They are unregistered, will bear customary restrictive legends under the Securities Act, and may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements.

When will the Addentax Group (ATXG) private placement close?

Closing of the private placement will occur once customary closing conditions in the Private Placement Agreement are satisfied or waived. These conditions govern when the 250,000 shares are actually issued and when the company receives the related purchase price.
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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): July 28, 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 July 28, 2026, Addentax Group Corp. (the “Company”) entered into a Private Placement Agreement (the “Private Placement Agreement”) with Pinnacle Partners Inc., a British Virgin Islands company (the “Investor”), pursuant to which the Company agreed to issue and sell to the Investor, and the Investor agreed to purchase, 250,000 shares of the Company’s common stock, par value $0.001 per share (the “Shares”), at a purchase price of $4.80 per share, for aggregate gross proceeds of approximately $1.2 million, in a private placement exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”).

 

The Private Placement Agreement contains customary representations, warranties and covenants of the Company and the Investor. The closing of the private placement is subject to the satisfaction or waiver of customary closing conditions set forth in the Private Placement Agreement.

 

The Shares 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 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 Agreement does not purport to be complete and is qualified in its entirety by reference to the Private Placement Agreement, a copy of which is 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 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 Investor is not a “U.S. person” (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 July 28, 2026 by and between the Company and Pinnacle Partners Inc.
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: July 29, 2026 By: /s/ Hong Zhida
    Hong Zhida
    Chief Executive Officer

 

 

 

Filing Exhibits & Attachments

4 documents