other material
confidence high
sentiment neutral
materiality 0.50
Addentax raises $2.5M in private placement of 520,834 shares at $4.80
ADDENTAX GROUP CORP.
- Private placement agreement dated Sep 9, 2026 with Chan Chun Hong for 520,834 common shares at $4.80 each, ~$2.5M gross proceeds.
- Net proceeds for general corporate purposes, including working capital and potential strategic investments.
- Shares to be issued under Regulation S; investor is not a U.S. person; restricted securities with customary legends.
- Closing subject to customary conditions; PRC government approval required within 45–90 days after closing.