SuperX AI Technology Limited Private Placement of Ordinary Shares and Warrants

On October 24, 2025, SuperX AI Technology Limited entered into a private placement subscription agreement with an institutional investor to issue and sell 3,300,000 units, each consisting of one ordinary share and one-third of a warrant to purchase an additional ordinary share. The units were sold at a fixed price of $12.08 per unit, with warrants exercisable at $12.08 per share for 12 months. The private placement is expected to close in the week of October 27, 2025, subject to customary closing conditions. The gross proceeds are expected to be approximately $39.9 million, with potential additional proceeds of $13.3 million if all warrants are exercised. The net proceeds will be used for research, development, and production of AI servers, investment opportunities in the AI sector, and general corporate purposes. The securities are being offered under Regulation S of the Securities Act of 1933 and have not been registered under U.S. securities laws.