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Apex Cyber Capital discloses 19.9% Class A holding in NIP Group (NIPG) with 4.1% voting power

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Apex Cyber Capital Limited filed an amended Schedule 13D reporting beneficial ownership of 85,229,652 Class A Ordinary Shares of NIP Group Inc., representing 19.9% of that share class. These shares give Apex Cyber Capital 4.1% of NIP Group’s total voting power because Class B1 and B2 shares carry 20 votes each.

The filing explains that on May 29, 2026, NIP Group issued 62,579,674 Class A Ordinary Shares under a Second Amendment to a prior agreement, including 23,641,865 shares issued to Apex Cyber Capital. In return, Apex Cyber Capital provided on-rack crypto mining machines with an aggregate hashrate of around 0.61 Exahash per second. The reporting person states it has no present plans for further acquisitions, disposals, or changes in NIP Group’s corporate structure beyond this transaction.

Positive

  • None.

Negative

  • None.
Class A shares owned 85,229,652 shares Beneficially owned by Apex Cyber Capital Limited
Ownership of Class A 19.9% Percent of Class A Ordinary Shares represented by holdings
Total Class A outstanding 427,860,564 shares Class A Ordinary Shares issued and outstanding after May 29, 2026 issuance
Voting power 4.1% Total voting power represented by Apex Cyber Capital’s holdings
Shares issued in transaction 62,579,674 shares Total Class A Ordinary Shares issued under Second Amendment on May 29, 2026
Shares to reporting person 23,641,865 shares Class A Ordinary Shares issued to Apex Cyber Capital in the transaction
Mining hashrate 0.61 Exahash per second Aggregate hashrate of crypto mining machines provided as consideration
beneficially owned financial
"Aggregate amount beneficially owned by each reporting person 85,229,652.00"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Second Amendment financial
"entered into a Second Amendment to the Second Tranche Agreement (the "Second Amendment")."
A second amendment is the second formal change made to a company’s legal agreement or contract—such as a loan, lease, shareholder pact, or merger document—and updates the rules that govern that relationship. For investors, it matters because these changes can alter payment terms, deadlines, rights or protections (like who controls decisions or how much debt a company can take), which can affect a company’s risk, cash flow and value; think of it as the second revised rulebook that stakeholders must follow.
Class B1 Ordinary Shares financial
"51,900,121 Class B1 Ordinary Shares issued and outstanding"
Class B2 Ordinary Shares financial
"31,534,504 Class B2 Ordinary Shares issued and outstanding"
On-rack Sales and Purchase Agreement financial
"On-rack Sales and Purchase Agreement between NIP Group Inc. and Persons Listed"
Schedule 13D financial
"previously filed a statement on Schedule 13G to report the acquisition"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
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654503101

(CUSIP Number)
Kee Wee Kiang, Kenneth
9 Sundridge Park Road, Braddell Heights Estate, Singapore
Singapore, U0, 358140
65 96925815

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
05/29/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
1. Note to Row 1: Mr. Kee Wee Kiang, Kenneth, Ms. FANG Wenwen and Ms. SHEN Yue Lei each indirectly holds one-third of the shares of the Reporting Person. 2. Each of Row 7, 9, and 11 represents 85,229,652 Class A Ordinary Shares held by Apex Cyber Capital Limited. 3. Note to Row 13: The percentage of class of securities beneficially owned by the Reporting Person is calculated based on a total of 427,860,564 Class A Ordinary Shares issued and outstanding (consisting of (i) 365,280,890 Class A Ordinary Shares issued and outstanding as of March 31, 2026, as reported in the Reporting Person's 20-F filed with the Securities and Exchange Commission on April 30, 2026; plus (ii) 62,579,674 Class A Ordinary Shares issued to certain persons, including the Reporting Person, as the consideration of the Transaction (as defined herein below) on May 29, 2026, as reported in Exhibit 99.1 of the Issuer's Form 6-K filed with the Securities and Exchange Commission on June 2, 2026. The voting power of the shares beneficially owned by the Reporting Person represents 4.1% of the total outstanding voting power. The percentage of voting power is calculated by dividing the voting power beneficially owned by the Reporting Person by the voting power of (i) a total of 427,860,564 Class A Ordinary Shares issued and outstanding as described above, and, (ii) 51,900,121 Class B1 Ordinary Shares issued and outstanding and 31,534,504 Class B2 Ordinary Shares issued and outstanding as of March 31, 2026, as reported in the Reporting Person's 20-F filed with the Securities and Exchange Commission on April 30, 2026. In respect of all matters subject to a shareholders' vote, each Class A ordinary share is entitled to one vote, each Class B1 ordinary share is entitled to 20 votes, and each Class B2 ordinary share is entitled to 20 votes, voting together as one class.


SCHEDULE 13D


Apex Cyber Capital Limited
Signature:/s/ Kee Wee Kiang, Kenneth
Name/Title:Kee Wee Kiang, Kenneth/Director
Date:06/05/2026

FAQ

What stake in NIPG does Apex Cyber Capital report on this Schedule 13D/A?

Apex Cyber Capital reports beneficial ownership of 85,229,652 Class A Ordinary Shares of NIP Group, representing 19.9% of that class. Due to high‑vote Class B shares, this position corresponds to 4.1% of the company’s total voting power.

How many NIPG shares did Apex Cyber Capital receive in the latest transaction?

Apex Cyber Capital received 23,641,865 Class A Ordinary Shares from NIP Group. These shares were part of a larger 62,579,674‑share issuance completed on May 29, 2026 under a Second Amendment to an existing agreement.

What did NIP Group receive in exchange for the 23,641,865 shares issued to Apex Cyber Capital?

NIP Group received on-rack crypto mining machines from Apex Cyber Capital. The machines provided an aggregate hashrate of around 0.61 Exahash per second as consideration for the 23,641,865 Class A Ordinary Shares issued.

What percentage of NIPG’s total voting power does Apex Cyber Capital control?

Apex Cyber Capital’s 85,229,652 Class A Ordinary Shares represent 4.1% of NIP Group’s total voting power. This reflects higher voting rights on Class B1 and Class B2 ordinary shares, which each carry 20 votes compared with one vote for Class A.

How many NIPG Class A Ordinary Shares are outstanding according to the filing?

The filing states there are 427,860,564 Class A Ordinary Shares outstanding. This includes 365,280,890 shares outstanding as of March 31, 2026, plus 62,579,674 additional Class A Ordinary Shares issued on May 29, 2026 under the described transaction.

Does Apex Cyber Capital plan further changes to NIPG’s ownership or structure?

The reporting person states it has no present plans or proposals for additional acquisitions or dispositions of NIP Group securities, or for changes to management, capitalization, business structure, or listing status beyond the described share issuance transaction.