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[6-K] Super X AI Technology Ltd Current Report (Foreign Issuer)

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Form Type
6-K
Rhea-AI Filing Summary

SuperX AI Technology Limited completed a Regulation S private placement of 1,100,000 units at US$9.369 per unit. Each unit includes one ordinary share and one-third of a warrant exercisable at US$9.369 per share. The purchasers paid the aggregate purchase price and closed the transaction on October 24, 2025.

The Company expects approximately US$10.3 million in gross proceeds, with the potential for an additional US$3.4 million if all accompanying warrants are exercised, in each case before expenses. SuperX plans to use net proceeds to support research, development, and production of AI servers, explore AI sector investments, and for working capital and general corporate purposes.

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Insights

Completed Reg S raise brings cash in, with warrant upside.

SuperX AI Technology Limited closed a Regulation S private placement, selling 1,100,000 units at US$9.369 each. Each unit has one share plus one-third of a warrant with an exercise price of US$9.369. The transaction closed when purchasers paid on October 24, 2025, bringing primary capital to the company.

Gross proceeds are about US$10.3 million, with potential incremental proceeds of US$3.4 million if all warrants are exercised. Proceeds are earmarked for AI server R&D and production, AI investment opportunities, and general corporate purposes.

This financing may add future share issuance if warrants are exercised, but actual impact depends on holder decisions. Subsequent filings may provide additional details on deployment of funds.

 

  

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 October 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 ☐

 

 

 

 

 

 

Private Placement of Ordinary Shares of SuperX AI Technology Limited and Warrants

 

On August 1, 2025, SuperX AI Technology Limited, a British Virgin Islands company (“the Company”), entered into certain private placement subscription agreements (the “Agreements” and each, an “Agreement”) with certain institutional investors named thereto (the “Purchasers”). Pursuant to the Agreements, the Purchasers were required to complete the purchase of the securities within sixty (60) business days from the date of the Agreements. On October 24, 2025, the Purchasers paid the aggregate purchase price, and the transaction was consummated.

 

Pursuant to the Agreements, the Company agreed to issue and sell to the Purchasers, and the Purchasers agreed to subscribe for and purchase, for cash in U.S. dollars, an aggregate of 1,100,000 units, each unit consisting of (i) one ordinary share of the Company, no par value per share (the “Ordinary Shares” and such shares, the “Shares”) and (ii) one-third of a warrant to purchase one Ordinary Share of the Company (each, a “Purchaser Warrant,” and together with the Shares, the “Purchaser Units”), at a fixed purchase price of US$9.369 per Purchaser Unit, irrespective of fluctuations in market prices (the “Private Placement”). The Purchaser Warrants are exercisable for Ordinary Shares at an exercise price of US$9.369 per share.

 

The Agreement contains customary representations, warranties and agreements by the Company and the Purchaser and customary conditions to closing.

 

The securities are being offered and sold by the Company in the Private Placement pursuant to the safe harbor from registration requirements provided by Regulation S under the Securities Act of 1933, as amended (the “Securities Act”) and have not been registered under the Securities Act, or applicable state securities laws. These securities may not be offered or sold in the United States absent registration with the Securities and Exchange Commission (the “SEC”) or an applicable exemption from such registration requirements.

 

The aggregate gross proceeds to the Company from the Private Placement are expected to be approximately US$10.3 million, with the potential to increase by an additional US$3.4 million if all accompanying warrants are exercised in full, in each case before deducting accountable expenses and other estimated expenses. The Company plans 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 general corporate purposes.

 

The foregoing are summaries of the Agreement and Purchaser Warrant. They do not purport to be complete and are subject to, and qualified in their entirety by, the form of the Agreement and the form of Purchaser Warrant filed as Exhibit 10.1 and Exhibit 4.1 to this Current Report on Form 6-K and incorporated herein by reference. The representations, warranties and covenants contained in the Agreement were made only for the purpose of such agreement and as of specific dates, were solely for the benefit of the parties to the Agreement and may be subject to limitations agreed upon by the contracting parties.

 

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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 include, but are not limited to, express or implied statements regarding expectations, hopes, beliefs, intentions or strategies of the Company regarding the future including, without limitation, express or implied statements regarding: the expected completion of the Private Placement, the potential full exercise of the Purchaser Warrants and the additional proceeds therefrom. 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. 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. Forward-looking statements are based on current expectations and assumptions that, while considered reasonable are inherently uncertain. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties.  The Company’s actual results 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 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. Except as required by law, 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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EXHIBITS INDEX

 

Exhibit No.   Description
4.1   Form of Purchaser Warrants
10.1   Form of Private Placement Subscription Agreement for Ordinary Shares and Purchaser Warrants

 

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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: October 28, 2025 SuperX AI Technology Limited
     
  By: /s/ Yu Chun Kit
  Name: Yu Chun Kit
  Title: Executive Director

 

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FAQ

What did SUPX announce in this Form 6-K?

SuperX AI Technology Limited completed a Regulation S private placement of 1,100,000 units at US$9.369 per unit, closing on October 24, 2025.

How much cash did SUPX raise from the private placement?

The Company expects approximately US$10.3 million in gross proceeds, before expenses.

What are the terms of the warrants issued by SUPX?

Each unit includes one-third of a warrant to purchase one ordinary share, with an exercise price of US$9.369 per share.

Could SUPX receive additional proceeds from this financing?

Yes. If all accompanying warrants are exercised in full, the Company could receive an additional US$3.4 million in gross proceeds.

How will SUPX use the net proceeds?

Planned uses include R&D and production of AI servers, exploring AI sector investments, and funding working capital and general corporate purposes.

Were the securities registered with the SEC?

No. The securities were offered and sold under Regulation S and have not been registered under the Securities Act.
SUPER X AI TECHNOLOGY LIMITED

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