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Addentax Group Corp. Entered Into Memorandum of Understanding for Potential US$200 Million Strategic Investment with Middle East Royal-Backed Institutional Investors at Proposed Price of $1.50 per Share, Supporting AI and Crypto Strategy
SHENZHEN, China, Feb. 10, 2026 /PRNewswire/ -- Addentax Group Corp. (Nasdaq: ATXG) (the "Company", "ATXG", "we", "us" or "our") today announced that on
About this update from Addentax Group Corp.
[{"type":"text","content":"SHENZHEN, China, Feb. 10, 2026 /PRNewswire/ -- Addentax Group Corp. (Nasdaq: ATXG) (the \"Company\", \"ATXG\", \"we\", \"us\" or \"our\") today announced that on February 9, 2026, it entered into separate memorandum of understanding (each, an \"MOU;\" together, the \"MOUs\") with two institutional investors, backed by a Middle Eastern royal family, setting forth a preliminary understanding regarding a potential strategic equity investment totaling US$200 million to support the Company's business growth in artificial intelligence (\"AI\") and cryptocurrency financial services. Pursuant to the MOUs, subject to the negotiation and execution of definitive agreements, each investor intends to invest up to US$100 million by acquiring newly issued shares of common stock of ATXG at a fixed price of US$1.50 per share. The Company and the investors have agreed to work in good faith to negotiate and execute definitive agreements within six months, which would include, among other things, a share subscription agreement, disclosure schedules, and related corporate approvals. Any potential transaction remains subject to the completion of customary legal and financial due diligence, receipt of all necessary corporate, regulatory, and stock exchange approvals, execution of definitive agreements, and other customary conditions precedent. There can be no assurance that definitive agreements will be executed or that any transaction will be consummated.\nIn addition to the potential capital investment, the Company and the investors are in discussions regarding a potential strategic collaboration focused on advancing the Company's core initiatives in AI and cryptocurrency financial services. These discussions reflect a shared interest in leveraging ATXG's technological expertise and market presence, including its presence in Hong Kong, combined with the investors' industry resources, regulatory insights, and global market experience to support potential product development and market expansion in AI and cryptocurrency-related solutions.If consummated, we believe that the potential US$200 million strategic investment would strengthen ATXG's balance sheet and could provide additional capital to support its key growth priorities, including scaling its AI-driven financial technology platforms, expanding its compliant cryptocurrency financial services po...