Addentax Group amends Securities Purchase Agreement to increase authorized shares to 250M

ADDENTAX GROUP CORP.

Amendment increases authorized shares from 150M to 250M; original deal had $16.67M convertible notes and warrants.
Stockholder meeting required within 90 days of closing to approve share increase, reverse split (1:2 to 1:100), and security issuance.
If stockholder approval not obtained by deadline, additional meetings must be held semi-annually until approved.
Company must file Form 8-K disclosing all material terms by 9:30 a.m. on next trading day.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ADDENTAX GROUP CORP. entered into Securities Purchase Agreement with certain accredited investors valued at $$16,666,666.66 (effective 2023-01-04).

Action: entry
Agreement: equity purchase
Counterparty: certain accredited investors
Value: $$16,666,666.66
Effective: 2023-01-04

Exact text from the filing

On January 4, 2023, Addentax Group Corp. (the “Company”) entered into a Securities Purchase Agreement (the “Original Purchase Agreement”) with certain accredited investors identified therein (the “Investors”) relating to a private placement by the Company of (1) senior secured convertible notes in the aggregate principal amount of $$16,666,666.66

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ADDENTAX GROUP CORP. amended Amendment with certain accredited investors (effective 2023-01-10).

Action: amendment
Agreement: equity purchase
Counterparty: certain accredited investors
Effective: 2023-01-10

Exact text from the filing

On January 10, 2023, the Company entered into an amendment (the “Amendment”, and the Original Purchase Agreement, as amended, the “Purchase Agreement”) to the Original Purchase Agreement with each Investor in accordance with the terms of the Original Purchase Agreement.

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40 material agreements filed in the last 30 days. Browse all material agreements →

ADDENTAX GROUP CORP. filing history →

Source: SEC EDGAR

accession 0001493152-23-001135

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