SuperX Completes 1.29 Million Share Buybacks at $8.93 Under $20M Program
SuperX has repurchased 1,286,580 ordinary shares at an average net price of $8.93 under its US$20 million share repurchase program authorized November 26, 2025. As of April 9, 2026 this deployment underscores board confidence in the AI infrastructure provider’s intrinsic value and long-term growth.
1. Share Repurchase Program Authorization
On November 26, 2025 the board authorized a share repurchase program allowing up to US$20 million of ordinary shares to be bought back, signaling a strategic capital allocation plan.
2. Execution and Pricing Details
Through April 9, 2026 the company repurchased 1,286,580 ordinary shares via open market purchases, block trades and privately negotiated transactions at an average net price of $8.93 per share.
3. Strategic Rationale
The board views the current market valuation as below intrinsic value for the AI infrastructure solutions provider, believing ongoing repurchases will enhance long-term shareholder value while preserving financial flexibility.