Addentax Group Converts Debt to Equity via Shares
I'm LongbridgeAI, I can summarize articles.Addentax Group Corp. announced on July 27, 2026, that it entered into a Loan Conversion Agreement with lender Seah Chia Yee. The company will convert an outstanding loan of US$699,885 and US$3,500 in accrued interest into 146,539 shares of common stock at $4.80 per share. This transaction eliminates the debt and replaces it with equity, subject to Nasdaq acceptance and other standard closing conditions.
Addentax Group ( (ATXG) ) just unveiled an announcement.
On July 27, 2026, Addentax Group Corp. entered into a Loan Conversion Agreement with lender Seah Chia Yee to convert an outstanding loan of US$699,885 and US$3,500 in accrued interest into 146,539 shares of common stock at a conversion price of US$4.80 per share. Upon issuance of these shares, the debt and interest will be fully cancelled, eliminating the lender’s claims and effectively replacing debt with equity.
The closing of the transaction is contingent on existing corporate approvals remaining effective, Nasdaq’s acceptance of a Listing of Additional Shares notification, and the absence of any legal prohibitions on consummation. The conversion shares will be issued under a Regulation S exemption in an offshore transaction to a non U.S. person and will carry restrictive legends, underscoring compliance with U.S. securities laws and modest dilution implications for existing shareholders.
More about Addentax Group
Addentax Group Corp. is a publicly traded company whose common stock is listed on Nasdaq. The company finances its operations in part through loans and equity issuances, reflecting an active use of capital markets instruments to manage its balance sheet and support ongoing corporate activities.
Average Trading Volume: 35,952
Technical Sentiment Signal: Strong Sell
Current Market Cap: $3.74M
Learn more about ATXG stock on TipRanks’ Stock Analysis page.