Business Context and Reporting Period
Company: SuperX AI Technology Limited (British Virgin Islands company)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Reporting Date: October 28, 2025
Principal Executive Office: 30 Pasir Panjang Road #06-31, Mapletree Business City, Singapore 117440
Reporting Period: Month of October 2025
Key Financial Metrics
Capital Raised: Approximately US$10.3 million in aggregate gross proceeds from the consummation of a private placement.
Potential Additional Proceeds: Up to US$3.4 million if all accompanying warrants are exercised in full.
Transaction Details: Issuance of 1,100,000 units at a fixed price of US$9.369 per unit. Each unit consists of one ordinary share and one-third of a warrant.
Warrant Terms: Exercise price of US$9.369 per share.
Revenue, Profit, Cash Flow, Margins, Debt, Liquidity: The filing text does not provide a clear value for these operational financial metrics. This report focuses solely on the capital raise transaction.
Material Changes
- Transaction Consummation: On October 24, 2025, the Company completed a private placement originally agreed upon on August 1, 2025, with institutional investors.
- Capital Structure: The Company issued 1,100,000 ordinary shares and associated warrants, increasing its equity capital.
- Liquidity Impact: The transaction provides immediate cash inflow of approximately US$10.3 million (gross) to the Company.
Guidance, Outlook, and Risks
Use of Proceeds: The Company plans to utilize net proceeds for:
- Research, development, and production of AI servers.
- Exploring investment opportunities in the AI sector.
- Supplementing general working capital and corporate purposes.
Forward-Looking Statements: The filing contains statements regarding the expected completion of the placement and potential warrant exercises. These are based on current beliefs and are subject to inherent uncertainties.
Risks and Contingencies:
- Actual results may differ materially from forward-looking statements due to risks described in the Company's Form 20-F for the year ended June 30, 2024.
- The securities were offered under Regulation S and are not registered with the SEC; they may not be offered or sold in the United States absent registration or an applicable exemption.
Investor Verification Checklist
- Verify the final net proceeds after deducting accountable and estimated expenses.
- Review the full text of the Private Placement Subscription Agreement (Exhibit 10.1) for specific covenants and conditions.
- Examine the Form of Purchaser Warrants (Exhibit 4.1) for detailed exercise terms and expiration dates.
- Assess the Company's Form 20-F (filed November 7, 2024) for a comprehensive list of risk factors affecting the AI server business.
- Confirm the identity of the institutional investors ("Purchasers") if disclosed in related filings.