Super X AI raises USD 16,200,000 in private placement

Super X AI Technology Limited has completed a previously announced private placement of its securities.

Rhea-AI Filing Summary

Super X AI Technology Limited has completed a previously announced private placement of its securities. Institutional investors subscribed for a total of 1,500,000 units at a fixed price of USD 10.00 per unit, with each unit consisting of one ordinary share and one-third of a warrant to purchase an additional ordinary share. The company first closed 360,000 units and the related 120,000 warrants were fully exercised, then closed the remaining 1,140,000 units. In total, the company received aggregate gross proceeds of approximately USD 16,200,000 from the unit sales and warrant exercise, before expenses. The net proceeds are intended to support research, development, and production of AI servers, explore AI-sector investment opportunities, supplement working capital, and fund other general corporate purposes.

Insights

Capital markets and corporate finance analyst

Super X AI completes a USD 16.2M private capital raise to fund AI growth.

Super X AI Technology Limited closed all subscriptions under its private placement, issuing 1,500,000 units at USD 10.00 per unit. Each unit includes one ordinary share and one-third of a warrant, and the first-closing investor exercised all 120,000 related warrants. This structure combined upfront equity with additional capital from warrant exercises.

The company reports aggregate gross proceeds of approximately USD 16,200,000 from the unit sales and the exercised warrants, before expenses. The stated use of proceeds focuses on research, development, and production of AI servers, investment opportunities in the AI sector, and general working capital and corporate purposes. This indicates an emphasis on funding both core operations and potential strategic investments in AI.

From an investor perspective, this event increases the company’s cash resources but also adds new shares and warrants, which may affect future share count depending on warrant exercises. The impact on existing holders depends on the company’s overall size and capital structure, which are not detailed here, so the capital raise is best viewed as a financing step to support AI-focused growth initiatives.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What financing transaction did SUPX complete in this 6-K/A?

Super X AI Technology Limited completed the closing of all remaining subscriptions under a private placement of 1,500,000 units, each at USD 10.00, consisting of one ordinary share and one-third of a warrant.

How much capital did SUPX raise from the private placement and warrant exercise?

The company received aggregate gross proceeds of approximately USD 16,200,000 from the sale of 1,500,000 units and the exercise of 120,000 related warrants, before deducting expenses.

What are the key terms of the units issued by SUPX in this private placement?

Each Purchaser Unit consists of one ordinary share of Super X AI Technology Limited and one-third of a warrant to purchase one ordinary share, sold at a fixed purchase price of USD 10.00 per unit.

How were the closings of SUPX’s private placement structured over time?

The company first closed 360,000 units on September 9, 2025, with the investor exercising 120,000 warrants on September 10, 2025, and by September 16, 2025 had closed the remaining 1,140,000 units under the agreements.

How does SUPX plan to use the net proceeds from this private placement?

Super X AI Technology Limited intends to use the net proceeds to support research, development, and production of AI servers, explore investment opportunities in the AI sector, supplement general working capital, and for other general corporate purposes.

Does this 6-K/A change prior disclosures by SUPX about the private placement?

This amendment updates the prior report to reflect the closing of the remaining subscriptions under the private placement; all other information in the original report remains unchanged.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 09/17/2025 - 04:30 PM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K/A

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: 001-42013

Super x Ai Technology Limited

30 Pasir Panjang Road

#06-31, Mapletree Business City

Singapore 117440

(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 ☐

Private Placement of Ordinary Shares of Super X AI Technology Limited and Warrants

This Amendment to the Current Report on Form 6-K originally filed on September 10, 2025 (the “Original Report”) by Super X AI Technology Limited, a British Virgin Islands company (the “Company”), is being furnished to update the disclosure therein to reflect the closing of the remaining subscriptions under the private placement described in the Original Report. Except as set forth below, all other information included in the Original Report remains unchanged.

Update on Closing

As previously disclosed in the Original Report, on August 28, 2025, the Company entered into certain private placement subscription agreements (collectively, the “Agreements”) with certain institutional investors (the “Purchasers”), pursuant to which the Purchasers agreed to subscribe for an aggregate of 1,500,000 units (the “Purchaser Units”), each consisting of (i) one ordinary share of the Company, no par value per share (the “Ordinary Shares”), and (ii) one-third of a warrant to purchase one Ordinary Share (each, a “Purchaser Warrant”), at a fixed purchase price of USD 10.00 per Purchaser Unit.

On September 9, 2025, the Company completed the first closing of 360,000 Purchaser Units. On September 10, 2025, the Purchaser in the first closing exercised all of its 120,000 Purchaser Warrants. As a result, the Company received gross proceeds of approximately USD 4,800,000 from the first closing and related warrant exercise, before deducting accountable expenses and other estimated expenses.

As of September 16, 2025, the Company has completed the closing of all remaining subscriptions under the Agreements for 1,140,000 Purchaser Units. The Company received the balance of the aggregate gross proceeds from the Purchasers, amounting to approximately USD 11,400,000, before deducting accountable expenses and other estimated expenses. As a result, as of the date of this Current Report, the Company has received aggregate gross proceeds of approximately USD 16,200,000 from the private placement (including proceeds from the warrant exercise).

Use of Proceeds

The Company intends to use the net proceeds from the private placement to support the research, development, and production of AI servers, explore investment opportunities in the AI sector, supplement its general working capital, and for other general corporate purposes.

Forward-Looking Statements:

This Current Report contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. All statements other than statements of historical facts included in this Current Report are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on the Company’s current beliefs, expectations and assumptions regarding the future of its business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Company’s control. The Company’s actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include the risks and uncertainties described in the Company’s annual report on Form 20-F for the year ended June 30, 2024, filed with the U.S. Securities and Exchange Commission (the “Commission”) on November 7, 2024, and the Company’s other filings with the Commission. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Super X AI Technology Limited
Date: September 17, 2025	By:	/s/ Yu, Chun Kit
	Name:	Yu, Chun Kit
	Title:	Executive Director

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