Addentax Group to raise about $3.25 million in $4.8-a-share private placement
ATXG•Private placement details
- Addentax Group entered private placement agreements on July 30, 2026, to sell 677,084 common shares at $4.80 each.
- Gross proceeds are expected to be about $3.25 million.
- The company said the funds are earmarked for general corporate purposes, working capital and strategic investments.
- Buyers include CEO and chairman Hong Zhida’s brothers, Hong Zhihao and director Hong Zhiwang, in related-party subscriptions.
- The shares are to be issued in an unregistered offering under Regulation S to non-U.S. persons in offshore transactions.
- Closing remains subject to customary conditions.
