---
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"
generated_at: "2026-06-20T20:20:51.113403+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Addentax Group secures $15M net via senior secured convertible notes and warrants

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-000235
- JSON: https://secwatch.observer/filing/0001493152-23-000235.json
- Plain text: https://secwatch.observer/filing/0001493152-23-000235.txt

## Key facts
- Debt Financings
  ADDENTAX GROUP CORP. incurred convertible notes of $16,666,666.66 at 5% per annum.
  - Instrument: convertible notes
  - Principal: $16,666,666.66
  - Rate: 5% per annum
  - Event: incurrence
  source text: senior secured convertible notes in the aggregate original principal amount of $16,666,666.66 (the “Convertible Notes”);
  evidence_url: https://www.sec.gov/Archives/edgar/data/1650101/000149315223000235/0001493152-23-000235-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: certain accredited investors (the Purchasers)
  - Value: $15,000,000 net proceeds from issuance of $16,666,666.66 principal amount of convertible notes and w
  - Effective: 2023-01-04
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1650101/000149315223000235/0001493152-23-000235-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.