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SuperX AI Technology Limited (Nasdaq: SUPX) okays US$20 million share repurchase

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

SuperX AI Technology Limited completed its 2025 share repurchase program after using the full authorized capacity of up to US$20 million, repurchasing 2,326,089 ordinary shares as of August 4, 2026. The average net repurchase price was US$8.58 per share and the average gross price, including fees and expenses, was US$8.62 per share.

On August 6, 2026, the board approved a new 2026 share repurchase program authorizing additional repurchases of up to US$20 million of ordinary shares over the next twelve months. Repurchases may be made in open-market or privately negotiated transactions under Rule 10b-18 and Rule 10b5-1 plans, and the program may be suspended or discontinued at any time.

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Filing Explained

The new US$20 million program is an authorization rather than a commitment: it does not require repurchases of any specific number of shares, and the company may suspend or discontinue it.

2025 Repurchase Program authorization US$20 million Maximum amount authorized for 2025 ordinary share repurchases
Shares repurchased under 2025 program 2,326,089 shares Aggregate ordinary shares repurchased as of August 4, 2026
Average net repurchase price US$8.58 per share Average net price paid under 2025 Repurchase Program
Average gross repurchase price US$8.62 per share Average gross price including transaction fees and related expenses
2026 Repurchase Program authorization US$20 million Maximum amount authorized for 2026 share repurchases over twelve months
share repurchase program financial
"The Board authorized a <b>share repurchase program</b> under which the Company may repurchase..."
A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.
Rule 10b-18 regulatory
"In compliance with the safe harbor provisions of <b>Rule 10b-18</b> under the U.S. Exchange Act..."
Rule 10b-18 is a regulation that sets strict rules for how a company's executives and employees can buy back their own company's stock from the market. It helps ensure that these buybacks happen in a fair and transparent way, reducing the chance of market manipulation. This is important for investors because it offers protection against unfair practices and promotes confidence in the integrity of the stock market.
Rule 10b5-1 trading plans regulatory
"Repurchases may be made pursuant to <b>Rule 10b5-1 trading plans</b>."
Rule 10b5-1 trading plans are written, pre-arranged instructions that allow company insiders (such as executives or directors) to automatically buy or sell their company's stock at specified times or under set conditions, like a standing instruction or automated thermostat for trades. They matter to investors because these plans provide a legal defense against insider‑trading accusations and create predictable insider trading patterns that can help signal whether sales are routine portfolio management or potentially meaningful to the company’s outlook.
forward-looking statements regulatory
"This press release may contain <b>forward-looking statements</b>."
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
AI infrastructure solutions technical
"SuperX AI Technology Limited is an <b>AI infrastructure solutions</b> provider."

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

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FAQ

What did SuperX AI Technology Limited (SUPX) complete under its 2025 share repurchase program?

SuperX completed its 2025 share repurchase program, buying 2,326,089 ordinary shares using up to US$20 million in authorized capacity. The program ended on August 4, 2026 after reaching its full authorized limit at an average net price of US$8.58 per share.

What are the key terms of the new 2026 share repurchase program for SUPX?

The 2026 program authorizes repurchases of up to US$20 million of ordinary shares over the next twelve months. Repurchases may occur in open-market or privately negotiated transactions under Rule 10b-18 and Rule 10b5-1, and the program can be suspended or discontinued at any time.

At what prices did SUPX repurchase shares under the 2025 program?

Under the 2025 program, SuperX paid an average net price of US$8.58 per ordinary share. The average gross price, including transaction fees and related expenses, was US$8.62 per share, reflecting the total cost of executing the buybacks in the market.

How many shares did SUPX repurchase in total under the 2025 plan?

SuperX repurchased a total of 2,326,089 ordinary shares under the 2025 share repurchase program. This amount equaled the full capacity available under the US$20 million authorization that was announced by the board on November 26, 2025.

How will SUPX execute repurchases under the 2026 program?

Repurchases under the 2026 program may be made from time to time in the open market, through privately negotiated transactions, and potentially via Rule 10b5-1 trading plans, all in compliance with applicable laws, including the safe harbor provisions of Rule 10b-18.

Why does SUPX say it is pursuing share repurchases?

SuperX states that continued share repurchases reflect the board’s confidence in its long-term growth and business model. The company believes its current market valuation does not fully reflect its intrinsic value or growth potential as a full-stack AI infrastructure solutions provider.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULES 13a-16 AND 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of August 2026

 

Commission File Number 001-42013

 

SuperX AI Technology Limited

(Translation of registrant’s name into English)

 

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

 

 

 

 

 

 

Completion of 2025 Share Repurchase Program and Adoption of 2026 Share Repurchase Program

 

As previously announced on November 26, 2025, the board of directors (the “Board”) of SuperX AI Technology Limited (the “Company”) authorized a share repurchase program under which the Company may repurchase up to US$20 million of its ordinary shares (the “2025 Repurchase Program”). As of August 4, 2026, the Company has repurchased an aggregate of 2,326,089 ordinary shares under the 2025 Repurchase Program, which constituted all of the capacity under the 2025 Repurchase Program. The average net repurchase price was US$8.58 per ordinary share, and the average gross repurchase price, inclusive of transaction fees and related expenses, was US$8.62 per ordinary share. The 2025 Repurchase Program has been completed on August 4, 2026.

 

On August 6, 2026, the Board authorized a share repurchase program under which the Company may repurchase up to US$20 million of its ordinary shares over the next twelve months (the “2026 Repurchase Program”). Repurchases under the 2026 Repurchase Program may occur from time to time in the open market or through privately negotiated transactions, in compliance with applicable securities laws, including the safe harbor provisions of Rule 10b-18 under the U.S. Securities Exchange Act of 1934, as amended, and pursuant to Rule 10b5-1 trading plans. The timing, price, and volume of repurchases will depend on market conditions, liquidity, and applicable regulatory requirements. The 2026 Repurchase Program does not obligate the Company to repurchase any specific number of shares and may be suspended or discontinued at any time.

 

A copy of the press release announcing the 2026 Repurchase Program is furnished as Exhibit 99.1 to this Report on Form 6-K. 

 

1

 

 

EXHIBIT INDEX

 

Exhibit No.   Description
99.1   Press release, dated August 7, 2026.

 

2

 

 

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, thereunto duly authorized.

 

  SuperX AI Technology Limited
       
Date: August 7, 2026 By: /s/ Guili Miao
    Name: Guili Miao
    Title: Executive Director

 

3

 

Exhibit 99.1

 

SuperX Announces Progress on Share Repurchase Program, Initiates New Buyback Plan to Reinforce Confidence in Long-Term Growth Value

 

SINGAPORE, August 7, 2026 -- SuperX AI Technology Limited (Nasdaq: SUPX, the “Company” or “SuperX”), a provider of AI infrastructure solutions, today announced an update on the progress of its share repurchase program and the adoption of a new share repurchase program.

 

As previously announced on November 26, 2025, the Company’s board of directors authorized a share repurchase program under which the Company may repurchase up to US$20 million of its ordinary shares (the “2025 Repurchase Program”).

 

As of August 4, 2026, the Company has repurchased an aggregate of 2,326,089 ordinary shares under the program. The average net repurchase price was US$8.58 per ordinary share.

 

Meanwhile, the 2025 Repurchase Program has been completed on August 4, 2026. On August 6, 2026, the Company’s board of directors authorized a share repurchase program under which the Company may repurchase up to US$20 million of its ordinary shares over the next twelve months (the “2026 Repurchase Program”).

 

The ongoing execution of the share repurchase program underscores the Board’s confidence in SuperX’s long-term growth and business model. The Company believes that its current market valuation does not fully reflect its intrinsic value or its strong growth potential as a full-stack AI infrastructure solutions provider. This program allows the Company to strategically deploy capital to enhance long-term shareholder value while maintaining the financial flexibility required.

 

The repurchases have been made from time to time in the open market at prevailing market prices, in privately negotiated transactions, in block trades, and/or through other legally permissible means, in compliance with applicable securities laws, including the safe harbor provisions of Rule 10b-18 under the U.S. Securities Exchange Act of 1934, as amended. Repurchases under the 2026 Repurchase Program may be made from time to time in the open market or through privately negotiated transactions, in compliance with applicable securities laws, including the safe harbor provisions of Rule 10b-18 under the U.S. Securities Exchange Act of 1934, as amended, and pursuant to Rule 10b5-1 trading plans.

 

About SuperX AI Technology Limited (NASDAQ:SUPX)

 

SuperX AI Technology Limited is an AI infrastructure solutions provider, offering a comprehensive portfolio of proprietary hardware, advanced software, and end-to-end services for AI data centers. The Company’s services include advanced solution design and planning, cost-effective infrastructure product integration, and end-to-end operations and maintenance. Its core products include high-performance AI servers, 800 Volts Direct Current (800VDC) solutions, high-density liquid cooling solutions, as well as AI cloud and AI agents. Headquartered in Singapore, the Company serves institutional clients globally, including enterprises, research institutions, and cloud and edge computing deployments. For more information, please visit www.superx.sg

 

Safe Harbor Statement

 

This press release may contain forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement.

 

Forward-looking statements are only predictions. The reader is cautioned not to rely on these forward-looking statements. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur.

 

Follow our social media:

 

Investor Relations: ir@superx.sg

 

X.com: https://x.com/SUPERX_AI_

 

LinkedIn: https://www.linkedin.com/company/superx-ai

 

Facebook: https://www.facebook.com/people/Super-X-AI-Technology-Limited/61578918040072/#

 

 

Filing Exhibits & Attachments

1 document