Addentax raises $646,800 via private placement of 660,000 common shares at $0.98/share

ADDENTAX GROUP CORP.

Entered private placement agreements with independent investors Chai Hua and Liu Lu on April 29, 2024.
Issued 660,000 unregistered common shares (330,000 each) at $0.98 per share.
Aggregate gross proceeds of $646,800 from the two placements.
Shares sold under Section 4(a)(2) exemption from registration.

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 Private Placement Agreements with certain individual investors valued at $646,800 (effective 2024-04-29).

Action: entry
Agreement: equity purchase
Counterparty: certain individual investors
Value: $646,800
Effective: 2024-04-29

Exact text from the filing

On April 29, 2024, Addentax Group Corp., a Nevada corporation (the “Company”) entered into two Private Placement Agreements (the “Agreement”) with certain individual investors (the “Investors”) who are independent third parties, pursuant to which the Company issued to each of the investor 330,000 shares of its common stock, par value $0.001 per share, at a price of $0.98 per share (the “Common Stock”), resulting in aggregate gross proceeds to the Company of $646,800, which closed on the same day.

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ADDENTAX GROUP CORP. filing history →

Source: SEC EDGAR

accession 0001493152-24-016879

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