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ADDENTAX GROUP CORP.

(ATXG)
Delayed Nasdaq  -  03:59:51 2023-01-26 pm EST
1.590 USD   +3.92%
01/11Addentax Group Corp. : Entry into a Material Definitive Agreement (form 8-K)
AQ
01/04Addentax Group Corp. Announces Entry of a Securities Purchase Agreement
PR
01/04Addentax Group Corp. : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Unregistered Sale of Equity Securities, Other Events (form 8-K)
AQ
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Addentax Group Corp. announced that it has received $15 million in funding

01/04/2023 EST

Addentax Group Corp. announced that it has entered into agreement with certain accredited investors for a private placement of senior secured convertible notes for proceeds of $15,000,000 on January 4, 2023. The company will issue two senior secured convertible notes at an original principal amount of $8,333,333.33 for aggregate gross proceeds of $16,666,666.66.

The company issued convertible notes at an original discount of 10%. The notes bears interest rate of 5% per annum, and the Company will be required to pay installment amounts, or at its option redeem such amounts under the Notes each month commencing on the last trading day of the calendar month in which the control account trigger date occurs, and thereafter, the last trading day of each calendar month until the maturity date of July 4, 2024, at which time all outstanding amounts remaining, if any, will be due and payable in full. he Convertible Notes are convertible into shares of Common Stock, beginning after the original date of issuance at an initial conversion price of $1.25 per share.

The company also issued warrants to purchase up to 16,077,172 shares of common shares at an exercise price of $1.25 per share. The Notes, Warrants, and the shares issuable upon the conversion of the Notes and the exercise of the Warrants are offered and sold pursuant to exemptions from the registration requirements of the Securities Act afforded by Section 4(a)(2) thereof and Rule 506 of Regulation D promulgated thereunder.


ę S&P Capital IQ 2023
All news about ADDENTAX GROUP CORP.
01/11Addentax Group Corp. : Entry into a Material Definitive Agreement (form 8-K)
AQ
01/04Addentax Group Corp. Announces Entry of a Securities Purchase Agreement
PR
01/04Addentax Group Corp. : Entry into a Material Definitive Agreement, Creation of a Direct Fi..
AQ
01/04Addentax Group Corp. announced that it has received $15 million in funding
CI
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Financials (USD)
Sales 2022 12,7 M - -
Net income 2022 0,08 M - -
Net Debt 2022 8,92 M - -
P/E ratio 2022 2 567x
Yield 2022 -
Capitalization 51,0 M 51,0 M -
EV / Sales 2021 8,07x
EV / Sales 2022 16,5x
Nbr of Employees 126
Free-Float 93,5%
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Managers and Directors
Hong Zhida Chairman, President, CEO & Secretary
Chao Huang Chief Financial Officer & Treasurer
Jiaxin Yu Independent Director
Alex P. Hamilton Independent Director
Jiang Ping Xiao Independent Director
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