STOCK TITAN

Addentax Group (NASDAQ: ATXG) to sell 677,084 shares privately

(Moderate)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Addentax Group Corp. agreed on July 30, 2026 to a private placement of 677,084 shares of common stock with three individual investors at $4.80 per share, for approximate gross proceeds of $3.25 million. The company plans to use the net proceeds for general corporate purposes, including working capital and potential strategic investments.

Two investors, Hong Zhihao and director Hong Zhiwang, are brothers of Chief Executive Officer Hong Zhida, so their subscriptions were reviewed and approved as related party transactions by the Audit Committee on July 29, 2026, with the Board approving the overall placement the same day. Closing is subject to customary conditions. The shares are expected to be issued in an offshore transaction under the Regulation S exemption from Securities Act registration and will carry customary restrictive legends limiting resale in the United States.

Positive

  • None.

Negative

  • None.

Filing Explained

If the placement closes and the 677,084 shares are issued, Addentax’s total share count will increase, reducing existing holders’ percentage ownership absent offsetting changes; the filing provides no post-issuance share count or dilution percentage.

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.
Private placement shares 677,084 shares Aggregate common stock agreed to be issued in the private placement
Purchase price per share $4.80 per share Agreed price for private placement common stock
Gross proceeds $3.25 million Approximate aggregate gross proceeds from the private placement
Shares to Hong Zhihao 250,000 shares Portion of the private placement allocated to investor Hong Zhihao
Shares to Hong Zhiwang 218,750 shares Portion of the private placement allocated to investor Hong Zhiwang
Shares to Yip Wai Lun 208,334 shares Portion of the private placement allocated to investor Yip Wai Lun
Agreement date July 30, 2026 Date Addentax Group entered into the Private Placement Agreements
Private Placement Agreements financial
"entered into separate <b>Private Placement Agreements</b> with Mr. Hong Zhihao"
Regulation S regulatory
"issued in reliance upon the exemption provided by <b>Regulation S</b>"
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
"issuance of the shares is expected to occur in an <b>offshore transaction</b>"
restrictive legends regulatory
"shares, when issued, will bear customary <b>restrictive legends</b>"

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FAQ

What private placement did Addentax Group Corp. (ATXG) enter into on July 30, 2026?

Addentax Group Corp. agreed to issue and sell 677,084 common shares in a private placement on July 30, 2026 at $4.80 per share, raising about $3.25 million in gross proceeds from three individual investors and still subject to customary closing conditions.

Who are the investors in Addentax Group’s (ATXG) July 2026 private placement and how many shares will each purchase?

The investors are Hong Zhihao with 250,000 shares, Hong Zhiwang with 218,750 shares, and Yip Wai Lun with 208,334 shares. Together they will purchase an aggregate of 677,084 common shares, subject to satisfaction or waiver of customary closing conditions.

How will Addentax Group (ATXG) use the proceeds from the July 2026 private placement?

Addentax intends to use the net proceeds from the approximately $3.25 million private placement for general corporate purposes, including working capital and potential strategic investments. Specific projects are not detailed, but the funds are earmarked to support overall operations and possible future business opportunities.

Under what exemption will Addentax Group (ATXG) issue the private placement shares, and who can buy them?

The common shares are expected to be issued under the Regulation S exemption from Securities Act registration. Each investor represented he is not a U.S. person, and the issuance is expected to occur in an offshore transaction, with shares bearing customary restrictive legends on resale.
false 0001650101 0001650101 2026-07-30 2026-07-30 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

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 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 July 30, 2026, Addentax Group Corp. (the “Company”) entered into separate private placement agreements (collectively, the “Private Placement Agreements”) with Mr. Hong Zhihao, Mr. Hong Zhiwang and Mr. Yip Wai Lun (collectively, the “Investors”), pursuant to which the Company agreed to issue and sell an aggregate of 677,084 shares of its common stock, including (i) 250,000 shares to Mr. Hong Zhihao, (ii) 218,750 shares to Mr. Hong Zhiwang, and (iii) 208,334 shares to Mr. Yip Wai Lun, at a purchase price of $4.80 per share, for aggregate gross proceeds of approximately $3.25 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.

 

Mr. Hong Zhihao is the brother of Mr. Hong Zhida, the Company’s Chief Executive Officer and Chairman of the Board of Directors of the Company (the “Board”). Mr. Hong Zhiwang is a director of the Company and the brother of Mr. Hong Zhida. The subscriptions by Mr. Hong Zhihao and Mr. Hong Zhiwang were reviewed and approved by the Audit Committee of the Board as related party transactions on July 29, 2026. On the same day, the Board approved the Private Placement, including such related party subscriptions.

 

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 form of 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 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. Each Investor has represented that he 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   Form of Private Placement Agreement
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 31, 2026 By: /s/ Hong Zhida
    Hong Zhida
    Chief Executive Officer

 

 

 

Filing Exhibits & Attachments

4 documents