SuperX AI Technology Limited Private Placement of Ordinary Shares and Warrants

On August 1, 2025, SuperX AI Technology Limited entered into private placement subscription agreements with certain institutional investors. The transaction was consummated on October 24, 2025, with the investors purchasing 1,100,000 units, each consisting of one ordinary share and one-third of a warrant to purchase an additional ordinary share. The purchase price was fixed at US$9.369 per unit, with the warrants exercisable at the same price. The aggregate gross proceeds from the private placement are expected to be approximately US$10.3 million, potentially increasing to US$13.7 million if all warrants are exercised. The net proceeds will be used for research, development, and production of AI servers, exploring AI sector investments, and general corporate purposes. The securities were offered under Regulation S of the Securities Act of 1933, exempting them from registration requirements.