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Super X AI Technology ( (SUPX) ) has provided an update.
Between October 24 and 30, 2025, SuperX AI Technology Limited engaged in a private placement agreement with institutional investors to issue 10,900,000 units, each comprising one ordinary share and one-third of a warrant. The transaction is expected to generate approximately $132.7 million in gross proceeds, with potential additional funds if warrants are fully exercised. The company plans to use the proceeds for AI server development, investment in the AI sector, and general corporate purposes. The private placement is anticipated to close in late November 2025.
More about Super X AI Technology
SuperX AI Technology Limited is a company based in the British Virgin Islands, focusing on the development and production of AI servers and exploring investment opportunities in the AI sector.
Average Trading Volume: 286,972
Technical Sentiment Signal: Buy
Current Market Cap: $1.72B
See more insights into SUPX stock on TipRanks’ Stock Analysis page.