Addentax Group to sell 520,834 shares at $4.80 in $2.5 million private placement
On September 9, 2026, Addentax Group Corp. agreed to sell 520,834 shares of common stock to investor Mr. Chan Chun Hong at $4.80 per share, for gross proceeds of about $2.5 million. The company plans to use the net proceeds for general corporate purposes, including working capital and potential strategic investments. The closing is subject to customary conditions, and the shares are being sold without SEC registration under Regulation S, which adds new shares outstanding for existing shareholders.
Key points
- Shares offered: 520,834 shares of common stock at $4.80 per share
- Gross proceeds: about $2.5 million, with closing subject to customary conditions
- Investor: Mr. Chan Chun Hong, a non-U.S. person, in an offshore transaction under Regulation S
- Use of proceeds: general corporate purposes, including working capital and potential strategic investments
The filing
Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 14, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.