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SuperX AI (SUPX) unveils US$20M ordinary share buyback plan

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

Rhea-AI Filing Summary

SuperX AI Technology Limited announced that its board has authorized a share repurchase program allowing the company to buy back up to US$20 million of its ordinary shares over the next twelve months. Repurchases may be carried out in the open market or through privately negotiated transactions, in line with applicable securities laws, including the safe harbor provisions of Rule 10b-18 and pursuant to Rule 10b5-1 trading plans. The company is not required to repurchase any specific number of shares, and the program may be suspended or discontinued at any time, giving management flexibility to adjust based on market conditions, liquidity, and regulatory requirements.

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Insights

SuperX AI authorizes up to US$20M in flexible share repurchases.

SuperX AI Technology Limited has authorized a share repurchase program of up to US$20 million in ordinary shares over the next twelve months. Repurchases can occur in the open market or via privately negotiated deals, which provides multiple mechanisms to execute the program within legal constraints.

The company states that repurchases will comply with Rule 10b-18 under the U.S. Securities Exchange Act of 1934 and may be conducted under Rule 10b5-1 trading plans. These frameworks are designed to structure buybacks to reduce market-manipulation concerns and allow trading under pre-set plans, including during blackout periods.

The authorization does not obligate SuperX AI to repurchase any specific number of shares and may be suspended or discontinued at any time. Actual buyback activity will therefore depend on management decisions in response to market conditions, liquidity, and regulatory requirements, as referenced in the announcement.

 

 

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 November 2025

 

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

 

 

 

 

 

On November 26, 2025, the Board of Directors 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 over the next twelve months.

 

Repurchases 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 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 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 share repurchase program is furnished as Exhibit 99.1 to this Report on Form 6-K. 

 

1

 

EXHIBITS INDEX

 

Exhibit No.   Description
99.1   Press Release

 

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.

 

Date: November 26, 2025 SuperX AI Technology Limited
     
  By: /s/ Yu Chun Kit, Anderson
  Name: Yu Chun Kit Anderson
  Title: Executive Director

 

 

3

 

FAQ

What did SuperX AI Technology Limited (SUPX) announce in this Form 6-K?

SuperX AI Technology Limited announced that its 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.

How large is the SuperX AI (SUPX) share repurchase authorization?

The share repurchase program authorizes SuperX AI Technology Limited to buy back up to US$20 million of its ordinary shares.

Over what period can SuperX AI (SUPX) repurchase its shares?

SuperX AI Technology Limited may repurchase shares under this program over the next twelve months from the authorization date stated in the report.

How will SuperX AI (SUPX) conduct the share repurchases?

Repurchases may occur from time to time in the open market or through privately negotiated transactions, in compliance with applicable securities laws, including Rule 10b-18 and pursuant to Rule 10b5-1 trading plans.

Is SuperX AI required to buy back a specific number of shares under this program?

No. The company states that the program does not obligate it to repurchase any specific number of shares and that it may be suspended or discontinued at any time.

Where can investors find more details about the SuperX AI (SUPX) buyback?

A press release with additional details is furnished as Exhibit 99.1 to this Form 6-K filed by SuperX AI Technology Limited.
SuperX AI Technology Limited

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