SuperX AI (SUPX) details progress on its $20 million buyback program

Rhea-AI Filing Summary

SuperX AI Technology Limited reports progress on its previously authorized $20 million share repurchase program. The board set a maximum repurchase price of $16.00 per ordinary share.

As of March 10, 2026, the company has repurchased 225,813 ordinary shares at an average net price of $10.78 per share, with an average gross price of $10.82 including fees. Management states that ongoing buybacks reflect confidence in SuperX’s long-term growth and believe the current valuation does not fully reflect its intrinsic value as a full-stack AI infrastructure provider. Repurchases have been executed in the open market and through other permitted transaction types under Rule 10b-18, while aiming to enhance long-term shareholder value and maintain financial flexibility.

Insights

Equity Capital Markets Analyst

SuperX is actively using its $20 million buyback, signaling confidence but with limited scale detail.

SuperX AI Technology Limited outlines tangible progress on its previously approved share repurchase program. The board capped the buyback price at $16.00 per share, and the company has already repurchased 225,813 ordinary shares at an average net price of $10.78.

Buybacks at a discount to management’s view of intrinsic value can support per-share metrics, but the excerpt does not quantify the repurchased shares relative to total shares outstanding. The stated goal is to enhance long-term shareholder value while preserving financial flexibility.

Execution has used open-market purchases, block trades, privately negotiated deals and other methods allowed under Rule 10b-18. Future company filings may provide additional context on how much of the $20 million authorization remains and the program’s impact on overall capital structure.

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 March 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 ☐

Item 1. Update on Share Repurchase Program

As previously announced on November 26, 2025, the board of directors (the “Board”) of SuperX AI Technology Limited (the “Company” or “SuperX”) authorized a share repurchase program under which the Company may repurchase up to $20 million of its ordinary shares.

The Company is providing an update on the progress of its share repurchase program. The Board has authorized and approved a maximum repurchase price of $16.00 per ordinary share.

As of March 10, 2026, the Company has repurchased an aggregate of 225,813 ordinary shares under the program. The average net repurchase price was $10.78 per ordinary share, and the average gross repurchase price, inclusive of transaction fees and related expenses, was $10.82 per ordinary share.

SuperX is a full-stack AI infrastructure solutions provider offering high-performance, scalable, and reliable hardware and software infrastructure to support global AI computing, cloud services, and intelligent platform development.

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.

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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: March 11, 2026	SuperX AI Technology Limited
	By:	/s/ Yu Chun Kit
	Name:	Yu Chun Kit
	Title:	Executive Director

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FAQ

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

SuperX AI Technology Limited reported progress on its share repurchase program. The company described how many shares it has bought back so far, the board-approved maximum repurchase price, average purchase prices, and its rationale for using buybacks to support long-term shareholder value.

How large is SuperX AI’s current share repurchase authorization?

The board authorized a share repurchase program of up to $20 million. This authorization, announced earlier, allows SuperX AI Technology Limited to buy back its ordinary shares within that dollar limit, subject to a maximum per-share repurchase price and applicable securities laws and regulations.

How many SuperX AI (SUPX) shares have been repurchased so far?

As of March 10, 2026, SuperX has repurchased 225,813 ordinary shares. These shares were bought under the ongoing $20 million program through open-market transactions and other permitted methods, at prices up to the board-approved maximum level per share.

What prices has SuperX AI paid in its share repurchase program?

The board set a maximum repurchase price of $16.00 per share. So far, the company reports an average net repurchase price of $10.78 per ordinary share and an average gross price of $10.82 per share, including transaction fees and related expenses.

Why is SuperX AI (SUPX) buying back its shares?

SuperX states that buybacks reflect 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 and views the program as a way to enhance long-term shareholder value.

How is SuperX AI executing its share repurchases?

SuperX conducts repurchases through various transaction types under securities laws. These include open-market purchases at prevailing prices, privately negotiated transactions, block trades, and other legally permissible means consistent with the safe harbor provisions of Rule 10b-18.