SuperX AI Technology Ltd. has announced a private placement in which it will issue 10.9 million units to several institutional investors, raising approximately US$132.7 million in gross proceeds. Each unit consists of one ordinary share and one-third of a warrant to purchase an additional ordinary share at an exercise price of US$12.18. The warrants are exercisable immediately upon issuance for a period of 12 months. If all warrants are exercised, the company could receive up to an additional US$44.2 million. Net proceeds from the offering will be used to support AI server research, development, and production, explore AI sector investment opportunities, and supplement general working capital and corporate purposes.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SuperX AI Technology Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-103736), on October 30, 2025, and is solely responsible for the information contained therein.
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