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Starbox Group (NASDAQ: STBX) ends $30M at-the-market share sales deal

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Starbox Group Holdings Ltd. terminated its at-the-market equity sales agreement with A.G.P/Alliance Global Partners. The program had allowed the company to offer Class A ordinary shares with an aggregate gross offering price of up to $30 million under an effective Form F-3 shelf registration.

The company sent a termination notice on August 19, 2025, and the agreement became void on August 22, 2025. Before termination, Starbox had issued 119,984 ordinary shares under the program, generating net proceeds of $119,388.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE

SECURITIES EXCHANGE ACT OF 1934

 

For the month of September 2025

 

Commission File Number: 001-41480

 

Starbox Group Holdings Ltd.

 

VO2-03-07, Velocity Office 2, Lingkaran SV, Sunway Velocity, 55100

Kuala Lumpur, Malaysia

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F ☒   Form 40-F ☐

 

 

 

 

 

 

Termination of a Material Definitive Agreement

 

As previously disclosed, on October 5, 2023, Starbox Group Holdings Ltd., a Cayman Islands exempted company (the “Company”), entered into a sales agreement (the “Sales Agreement”) with A.G.P/Alliance Global Partners (“A.G.P.” or the “Sales Agent”), to create an at-the-market equity program pursuant to which the Company may offer and sell, from time to time, through or to the Sales Agent, the Company’s ordinary shares, which were redesignated as Class A ordinary shares after the Company’s share redesignation in June 2024 (the “ordinary shares”), having an aggregate gross offering price of up to $30 million. The ordinary shares are offered under the Company’s registration statement on Form F-3 (File No. 333-274484), initially filed with the U.S. Securities and Exchange Commission on September 12, 2023, and declared effective on September 28, 2023 (the “Registration Statement”), and pursuant to a prospectus supplement to the Registration Statement filed with the U.S. Securities and Exchange Commission on October 5, 2023.

 

Pursuant to Section 11(b) of the Sales Agreement, on August 19, 2025, the Company sent a notice of agreement termination (the “Termination Notice”) to the Sales Agent, terminating the Sales Agreement and all related agreements contemplated thereunder. Effective on August 22, 2025, the Sales Agreements became null and void and of no further force and effect. Immediately prior to the termination of the Sales Agreement, the Company had issued 119,984 ordinary shares (without taking into account the effect of the reverse splits in October 2024, March 2025, and April 2025) under the at-the-market equity program with net proceeds of $119,388.

 

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SIGNATURE

 

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, thereunto duly authorized.

 

  Starbox Group Holdings Ltd.
     

Date: September 3, 2025

By: /s/ Chong Yip Loong
  Name: Chong Yip Loong
  Title: Chief Executive Officer

 

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FAQ

What did Starbox Group Holdings Ltd. (STBX) announce in this 6-K filing?

Starbox Group Holdings Ltd. terminated its at-the-market equity sales agreement with A.G.P/Alliance Global Partners. The move ends its ability to sell Class A ordinary shares under this specific $30 million program, which was conducted pursuant to an effective Form F-3 registration statement.

How large was Starbox Group Holdings Ltd.’s (STBX) at-the-market equity program?

The at-the-market equity program allowed Starbox Group Holdings Ltd. to offer and sell ordinary shares with an aggregate gross offering price of up to $30 million. These shares were issued under an effective Form F-3 shelf registration and a related prospectus supplement filed in October 2023.

When did Starbox Group Holdings Ltd. (STBX) terminate its A.G.P. sales agreement?

Starbox Group Holdings Ltd. sent a termination notice to A.G.P/Alliance Global Partners on August 19, 2025. The sales agreement and all related arrangements became null, void, and of no further force and effect as of August 22, 2025, ending the at-the-market program.

How many shares did Starbox Group Holdings Ltd. (STBX) issue under the ATM program?

Before terminating the program, Starbox Group Holdings Ltd. issued 119,984 ordinary shares under its at-the-market equity arrangement. These issuances, calculated without the effect of later reverse splits, generated net proceeds of $119,388 for the company from the sales completed under this facility.

How much cash did Starbox Group Holdings Ltd. (STBX) raise through the ATM before termination?

Starbox Group Holdings Ltd. raised net proceeds of $119,388 through its at-the-market equity program with A.G.P. This cash came from issuing 119,984 ordinary shares before the company elected to terminate the sales agreement, which had originally permitted offerings up to a $30 million gross amount.

Under what registration statement were Starbox Group Holdings Ltd. (STBX) ATM shares offered?

The ATM shares were offered under Starbox Group Holdings Ltd.’s registration statement on Form F-3, File No. 333-274484. This registration statement was initially filed on September 12, 2023 and declared effective on September 28, 2023, with a related prospectus supplement filed October 5, 2023.
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