NewsMV

Addentax Group to issue 520,834 shares in $2.5 million private placement

9/30/2026

entered into private placement agreements with Chan Kai Sang on September 28, 2026, to issue an aggregate of 520,834 shares of common stock at a purchase price of $4.80 per share.

The transaction is expected to generate approximately $2.5 million in gross proceeds for the company.

The filings indicate that Addentax Group intends to use the net proceeds for general corporate purposes, specifically for working capital and potential strategic investments.

The agreements include customary representations, warranties, and covenants from both the company and the investor.