Current Report · Items 1.01, 3.02, 9.01 · 8-K
Addentax Group Corp.
ATXGNASDAQEQUITYCurrent
Entry into a Material Definitive Agreement · Unregistered Sales of Equity Securities
Item 1.01 Entry into a Material Definitive Agreement. On July 30, 2026, Addentax Group Corp. (the “Company”) entered into separate private placement agreements (collectively, the “Private Placement Agreements”) with Mr. Hong Zhihao, Mr. Hong Zhiwang and Mr.…
Recent company filings
- Entry into a Material Definitive Agreement · Unregistered Sales of Equity SecuritiesSep 30, 2026
- Entry into a Material Definitive Agreement · Unregistered Sales of Equity SecuritiesSep 14, 2026
- SCHEDULE 13G/A - filed by SEAH CHIA YEE regarding ADDENTAX GROUP CORP.Aug 20, 2026
- SCHEDULE 13D/A - filed by OR SHAN SHAN regarding ADDENTAX GROUP CORP.Aug 20, 2026
- SCHEDULE 13G - filed by PINNACLE PARTNERS INC. regarding ADDENTAX GROUP CORP.Aug 20, 2026
Disclosure sections
Item 1.01Item 1.01 - Entry into Material Agreement
Item
1.01 Entry into a Material Definitive Agreement.
On
July 30, 2026, Addentax Group Corp. (the “Company”) entered into separate private placement agreements (collectively, the
“Private Placement Agreements”) with Mr. Hong Zhihao, Mr. Hong Zhiwang and Mr. Yip Wai Lun (collectively, the “Investors”),
pursuant to which the Company agreed to issue and sell an aggregate of 677,084 shares of its common stock, including (i) 250,000 shares
to Mr. Hong Zhihao, (ii) 218,750 shares to Mr. Hong Zhiwang, and (iii) 208,334 shares to Mr. Yip Wai Lun, at a purchase price of $4.80
per share, for aggregate gross proceeds of approximately $3.25 million (the “Private Placement”). The Company intends to
use the net proceeds from the Private Placement for general corporate purposes, including working capital and potential strategic investments.
Mr.
Hong Zhihao is the brother of Mr. Hong Zhida, the Company’s Chief Executive Officer and Chairman of the Board of Directors of the
Company (the “Board”). Mr. Hong Zhiwang is a director of the Company and the brother of Mr. Hong Zhida. The subscriptions
by Mr. Hong Zhihao and Mr. Hong Zhiwang were reviewed and approved by the Audit Committee of the Board as related party transactions
on July 29, 2026. On the same day, the Board approved the Private Placement, including such related party subscriptions.
The
Private Placement Agreements contain customary representations, warranties and covenants of the Company and the Investors. The closing
of the Private Placement is subject to the satisfaction or waiver of customary closing conditions set forth in the Private Placement
Agreements.
The
shares of common stock to be issued pursuant to the Private Placement Agreements are expected to be issued in reliance upon the exemption
from the registration requirements of the Securities Act of 1933, as amended (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 Agreements does not purport to be complete and is qualified in its entirety by reference
to the form of 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 of
common stock to be issued pursuant to the Private Placement Agreements are expected to be issued in reliance upon the exemption from
the registration requirements of the Securities Act provided by Regulation S promulgated thereunder. Each Investor has represented that
he 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.