{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-000235","form_type":"8-K","ticker":"ATXG","cik":"0001650101","company_name":"ADDENTAX GROUP CORP.","filed_at":"2023-01-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.001778+00:00","generated_at":"2026-06-20T20:20:51.113403+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Addentax Group secures $15M net via senior secured convertible notes and warrants","bullets":["Issued $16.67M principal 5% senior secured convertible notes due July 2024, convertible at $1.25/share.","Also issued warrants to purchase up to 16.08M shares at $1.25/share with a five-year term.","Net proceeds of $15M after original issue discount; proceeds for general corporate purposes.","Notes secured by substantially all assets of the Company and rank senior to other debt.","Private placement to accredited investors under Rule 506(b); Univest Securities as placement agent."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-000235","json":"https://secwatch.observer/filing/0001493152-23-000235.json","markdown":"https://secwatch.observer/filing/0001493152-23-000235.md","text":"https://secwatch.observer/filing/0001493152-23-000235.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1650101/000149315223000235/0001493152-23-000235-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1650101/000149315223000235/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T20:20:51.113403+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"323e44e449252968d7c4014bafacbdf916399309","claim":"ADDENTAX GROUP CORP. incurred convertible notes of $16,666,666.66 at 5% per annum.","evidence_excerpt":"senior secured convertible notes in the aggregate original principal amount of $16,666,666.66 (the “Convertible Notes”);","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1650101/000149315223000235/0001493152-23-000235-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$16,666,666.66"},{"label":"Rate","value":"5% per annum"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"02d6087ff11c0168fe1a88db53b2ed782b659cd4","claim":"ADDENTAX GROUP CORP. entered into Securities Purchase Agreement with certain accredited investors (the Purchasers) valued at $15,000,000 net proceeds from issuance of $16,666,666.66 principal amount of convertible notes and w (effective 2023-01-04).","evidence_excerpt":"On January 4, 2023, Addentax Group Corp. (the “Company”) entered into a Securities Purchase Agreement (the “Securities Purchase Agreement) with certain accredited investors (the “Purchasers”), pursuant to which the Company received a net proceed of $15,000,000 in consideration of the issuance of: ● senior secured convertible notes in the aggregate original principal amount of $16,666,666.66 (the “Convertible Notes”); ● warrants to purchase up to 16,077,172 shares of common stock of the Company (the “Common Stock”) until on or prior to 11:59 p.m. (New York time) on the five year anniversary of the closing date at an exercise price of $1.25 per share (the “PIPE Warrants”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1650101/000149315223000235/0001493152-23-000235-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"certain accredited investors (the Purchasers)"},{"label":"Value","value":"$15,000,000 net proceeds from issuance of $16,666,666.66 principal amount of convertible notes and w"},{"label":"Effective","value":"2023-01-04"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}