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AI brief of an SEC Form 8-K · ADDENTAX GROUP CORP. (ATXG)

Addentax to sell 520,834 shares to Chan Kai Sang in $2.5 million private placement

Neutral Impact 2 of 5 financing Written later

On September 28, 2026, Addentax Group Corp. agreed to sell 520,834 shares of common stock at $4.80 per share to Chan Kai Sang, for gross proceeds of approximately $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 unregistered, which means the sale adds to the number of shares outstanding.

Key points

  • Private placement agreements dated September 28, 2026, with Chan Kai Sang
  • 520,834 shares at $4.80 per share, for about $2.5 million in gross proceeds
  • Shares not registered under the Securities Act; issued under Regulation S to non-U.S. persons, with closing subject to customary conditions

The filing

CompanyADDENTAX GROUP CORP. (ATXG)
Form8-K, current report
Filed with the SECSep 30, 2026, 6:15 AM ET
Accession number0001493152-26-044997

Items reported: 1.01 Material Definitive Agreement3.02 Unregistered Equity Sale

Read the filing on SEC.gov ↗

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 30, 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.