Entry into a Material Definitive Agreement · Unregistered Sales of Equity Securities
Item 1.01 Entry into a Material Definitive Agreement. On July 28, 2026, Addentax Group Corp. (the “Company”) entered into a Private Placement Agreement (the “Private Placement Agreement”) with Pinnacle Partners Inc., a British Virgin Islands company (the “Investor”), pursuant to which the Company agreed to issue and sell to the Investor, and the Investor agreed to purchase, 250,000 shares of the C…
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Item 1.01Item 1.01 - Entry into Material Agreement
Item
1.01 Entry into a Material Definitive Agreement.
On
July 28, 2026, Addentax Group Corp. (the “Company”) entered into a Private Placement Agreement (the “Private Placement
Agreement”) with Pinnacle Partners Inc., a British Virgin Islands company (the “Investor”), pursuant to which the Company
agreed to issue and sell to the Investor, and the Investor agreed to purchase, 250,000 shares of the Company’s common stock, par
value $0.001 per share (the “Shares”), at a purchase price of $4.80 per share, for aggregate gross proceeds of approximately
$1.2 million, in a private placement exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities
Act”).
The
Private Placement Agreement contains customary representations, warranties and covenants of the Company and the Investor. The closing
of the private placement is subject to the satisfaction or waiver of customary closing conditions set forth in the Private Placement
Agreement.
The
Shares are expected to be issued in reliance upon the exemption from the registration requirements of the Securities Act provided by
Regulation S promulgated thereunder. The Shares have not been registered under the Securities Act and may not be offered or sold in the
United States absent registration or an applicable exemption from the registration requirements of the Securities Act.
The
foregoing description of the Private Placement Agreement does not purport to be complete and is qualified in its entirety by reference
to the Private Placement Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein
by reference.
Item 3.02Item 3.02 - Unregistered Sales of Equity
Item
3.02 Unregistered Sales of Equity Securities.
The
information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 3.02. The Shares are
expected to be issued in reliance upon the exemption from the registration requirements of the Securities Act provided by Regulation
S promulgated thereunder. The Investor is not a “U.S. person” (as defined in Regulation S), and the issuance of the Shares
is expected to occur in an offshore transaction in accordance with Regulation S.
The
Shares, when issued, will bear customary restrictive legends under the Securities Act.