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