SuperX AI (SUPX) repurchases 1,286,580 shares under $20 million buyback

Rhea-AI Filing Summary

SuperX AI Technology Limited reports progress on its previously authorized share repurchase program of up to $20 million of ordinary shares. As of April 9, 2026, the company has repurchased 1,286,580 ordinary shares at an average net price of $8.93 per share.

The program is ongoing and remains subject to market conditions, share price, and other factors, with the board able to amend or terminate it. Repurchases have been executed in the open market, via privately negotiated transactions, block trades, and other permitted methods under Rule 10b-18.

Insights

Equity capital markets analyst

SuperX AI continues an authorized $20 million buyback, repurchasing 1,286,580 shares at an $8.93 average price.

SuperX AI is updating investors on execution of its existing share repurchase program authorizing up to $20 million of ordinary share repurchases. As of April 9, 2026, it has bought back 1,286,580 shares at an average net price of $8.93 per share.

The activity has been carried out through open-market purchases, privately negotiated deals, and block trades, in line with Rule 10b-18 safe harbor provisions. The program’s continuation, scale, and pace depend on market conditions and board decisions, which retains discretion to amend or terminate the plan.

Key Figures

Buyback authorization: $20 million Shares repurchased: 1,286,580 shares Average repurchase price: $8.93 per share +1 more

4 metrics

Buyback authorization $20 million Maximum value of ordinary shares authorized for repurchase

Shares repurchased 1,286,580 shares Ordinary shares repurchased under the program as of April 9, 2026

Average repurchase price $8.93 per share Average net price paid for repurchased ordinary shares

Rule 10b-18 compliance Safe harbor used Repurchases conducted under Rule 10b-18 of the Exchange Act

Key Terms

share repurchase program, ordinary shares, Rule 10b-18, open market, +1 more

5 terms

share repurchase program financial

"the board of directors ... authorized a share repurchase program under which the Company may repurchase up to $20 million"

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.

ordinary shares financial

"may repurchase up to $20 million of its ordinary shares (the “Ordinary Shares”)"

Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.

Rule 10b-18 regulatory

"in compliance with applicable securities laws, including the safe harbor provisions of Rule 10b-18 under the U.S. Securities Exchange Act of 1934"

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.

open market financial

"repurchases have been made from time to time in the open market at prevailing market prices"

An open market is a system where buying and selling of goods, services, or financial assets happen freely without restrictions or special controls. For investors, it means they can trade assets easily and quickly, which helps determine fair prices based on supply and demand. This environment encourages transparency and competition, making it easier to buy or sell with confidence.

block trades financial

"in the open market at prevailing market prices, in privately negotiated transactions, in block trades, and/or through other legally permissible means"

A block trade is a single, large buy or sell of shares or bonds arranged privately between big traders rather than piecemeal on the public market. Think of it like buying a whole shipment at once instead of many small shopping trips; it lets large holders move big positions with less immediate disruption but can signal strong buying or selling pressure and cause price swings once the trade is known, so investors watch block trades for clues about market sentiment and liquidity.

Form 6-K: How Foreign Companies Report to the SEC →

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 April 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 “Ordinary Shares”). The Company is providing an update on the progress of its share repurchase program.

As of April 9, 2026, the Company has repurchased an aggregate of 1,286,580 Ordinary Shares under the program. The average net repurchase price was $8.93 per Ordinary Share.

The ongoing execution of the share repurchase program will continue to be subject to market conditions, share price, and other factors, and will be conducted in accordance with applicable rules and regulations. The board of directors will regularly review the progress of the program and may amend or terminate it as deemed appropriate.

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.

1

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: April 10, 2026	SuperX AI Technology Limited
	By:	/s/ Yu Chun Kit
	Name:	Yu Chun Kit
	Title:	Executive Director

2

FAQ

What did SuperX AI (SUPX) announce in its April 2026 Form 6-K?

SuperX AI announced an update on its ordinary share repurchase program of up to $20 million. The company reported how many shares it has bought back, the average price paid, and confirmed that the program continues subject to market conditions and board discretion.

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

SuperX AI has repurchased 1,286,580 ordinary shares under its share repurchase program as of April 9, 2026. These repurchases were made through open-market transactions, privately negotiated deals, block trades, and other legally permissible methods consistent with applicable securities laws and Rule 10b-18.

What is the size of SuperX AI’s share repurchase program?

SuperX AI’s board previously authorized a share repurchase program of up to $20 million of its ordinary shares. This authorization sets the maximum dollar value that may be used to buy back shares, though actual repurchases depend on market conditions and other board considerations.

At what average price has SuperX AI (SUPX) been repurchasing shares?

The company reports an average net repurchase price of $8.93 per ordinary share for the 1,286,580 shares bought back as of April 9, 2026. This figure reflects the weighted average price paid across all completed repurchase transactions under the current program to that date.

How is SuperX AI conducting its share repurchases under the program?

SuperX AI conducts repurchases from time to time in the open market at prevailing prices, through privately negotiated transactions, block trades, and other lawful methods. These activities are carried out in compliance with applicable securities laws, including the safe harbor provisions of Rule 10b-18.

Can SuperX AI change or end its current share repurchase program?

Yes. The company states that its board of directors will regularly review the program’s progress and may amend or terminate it when deemed appropriate. This flexibility allows adjustments based on market conditions, share price, capital needs, and other relevant corporate considerations.