Current Report Filing (8-k)
January 11 2023 - 9:01AM
Edgar (US Regulatory)
0001650101
false
0001650101
2023-01-10
2023-01-10
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of
the
Securities Exchange Act 1934
Date
of Report (Date of earliest event reported): January 10, 2023
ADDENTAX
GROUP CORP.
(Exact
name of registrant as specified in its charter)
Nevada |
|
001-41478 |
|
35-2521028 |
(State
or other jurisdiction of
incorporation
or organization) |
|
(Commission
File
Number) |
|
(I.R.S.
Employer
Identification
Number) |
Kingkey
100,Block A, Room 4805
Luohu
District, Shenzhen City, China |
|
518000 |
(Address of principal executive
offices) |
|
(Zip Code) |
|
|
|
Registrant’s
telephone number, including area code: |
|
+(86)
755 8233 0336 |
(Former
name or former address, if changed since last report.)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Ticker
symbol(s) |
|
Name
of each exchange on which registered |
Common Stock, par value
$0.001 per share |
|
ATXG |
|
The NASDAQ Stock Market
LLC |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item
1.01. Entry into a Material Definitive Agreement.
As
disclosed previously, on January 4, 2023, Addentax Group Corp. (the “Company”) entered into a Securities Purchase Agreement
(the “Original Purchase Agreement”) with certain accredited investors identified therein (the “Investors”) relating
to a private placement by the Company of (1) senior secured convertible notes in the aggregate principal amount of $$16,666,666.66,
and (2) warrants to purchase up to 16,077,172 shares of common stock of the Company, exercisable for a period of five years at an exercise
price of $1.25, for consideration of a net proceed of $15,000,000 payable by the Investors to the Company.
On
January 10, 2023, the Company entered into an amendment (the “Amendment”, and the Original Purchase Agreement, as
amended, the “Purchase Agreement”) to the Original Purchase Agreement with each Investor in accordance with the terms
of the Original Purchase Agreement. Under the Amendment, the original increase in the authorized shares of the Company from 50,000,000
to 150,000,000 was increased to 250,000,000.
The
foregoing summary of the Amendment does not purport to be complete and is subject to, and qualified in its entirety by, the full text
of the Amendment, the form of which is filed as Exhibit 10.1 to this report and is incorporated herein by reference.
Item
9.01. Exhibits
(d)
Exhibits.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
|
Addentax Group
Corp. |
|
|
|
|
By: |
/s/
Hong Zhida |
|
Name: |
Hong Zhida |
|
Title: |
Chief Executive Officer |
Dated:
January 11, 2023
Addentax (NASDAQ:ATXG)
Historical Stock Chart
From Apr 2024 to May 2024
Addentax (NASDAQ:ATXG)
Historical Stock Chart
From May 2023 to May 2024