Addentax Group Corp. Enters Into US$1.3 Billion Term Sheet for Proposed Acquisition of Up to 12,000 Bitcoins
Addentax Group Corp. (NASDAQ:ATXG) has signed a non-binding term sheet to acquire up to 12,000 Bitcoins, valued at approximately $1.3 billion. This represents a significant increase from the previously discussed 8,000 BTC acquisition target announced on May 15, 2025.
The proposed transaction would be settled through newly issued shares of ATXG common stock. The final terms, including the exact number of Bitcoins, shares to be issued, and pricing, remain subject to negotiation, due diligence, and customary approvals. The company aims to leverage Bitcoin's current bullish momentum, global recognition, and liquidity as part of its long-term investment strategy.
Addentax Group Corp. (NASDAQ:ATXG) ha firmato un term sheet non vincolante per acquisire fino a 12.000 Bitcoin, per un valore di circa 1,3 miliardi di dollari. Questo rappresenta un aumento significativo rispetto all'obiettivo di acquisizione di 8.000 BTC annunciato il 15 maggio 2025.
La transazione proposta sarà regolata tramite l'emissione di nuove azioni ordinarie di ATXG. I termini finali, inclusi il numero esatto di Bitcoin, le azioni da emettere e i prezzi, sono ancora soggetti a negoziazione, due diligence e approvazioni consuete. L'azienda punta a sfruttare l'attuale momentum rialzista di Bitcoin, il suo riconoscimento globale e la liquidità come parte della sua strategia di investimento a lungo termine.
Addentax Group Corp. (NASDAQ:ATXG) ha firmado una hoja de términos no vinculante para adquirir hasta 12.000 Bitcoins, valorados en aproximadamente 1.300 millones de dólares. Esto representa un aumento significativo respecto al objetivo de adquisición de 8.000 BTC anunciado el 15 de mayo de 2025.
La transacción propuesta se liquidará mediante la emisión de nuevas acciones ordinarias de ATXG. Los términos finales, incluyendo el número exacto de Bitcoins, las acciones a emitir y los precios, están sujetos a negociación, diligencia debida y aprobaciones habituales. La compañía busca aprovechar el actual impulso alcista de Bitcoin, su reconocimiento global y liquidez como parte de su estrategia de inversión a largo plazo.
Addentax Group Corp. (NASDAQ:ATXG)는 약 13억 달러 상당의 12,000 비트코인까지 인수하기 위한 구속력 없는 조건서를 체결했습니다. 이는 2025년 5월 15일에 발표된 8,000 BTC 인수 목표에서 상당한 증가를 의미합니다.
제안된 거래는 ATXG 보통주의 신주 발행을 통해 결제될 예정입니다. 비트코인의 정확한 수량, 발행될 주식 수 및 가격을 포함한 최종 조건은 협상, 실사 및 통상적인 승인 절차를 거쳐 확정될 예정입니다. 회사는 비트코인의 현재 강세 모멘텀, 글로벌 인지도 및 유동성을 장기 투자 전략의 일환으로 활용할 계획입니다.
Addentax Group Corp. (NASDAQ:ATXG) a signé une lettre d'intention non contraignante pour acquérir jusqu'à 12 000 Bitcoins, d'une valeur d'environ 1,3 milliard de dollars. Cela représente une augmentation significative par rapport à l'objectif d'acquisition de 8 000 BTC annoncé le 15 mai 2025.
La transaction proposée serait réglée par l'émission de nouvelles actions ordinaires ATXG. Les termes finaux, y compris le nombre exact de Bitcoins, les actions à émettre et les prix, restent soumis à négociation, à une diligence raisonnable et aux approbations habituelles. La société vise à tirer parti de la dynamique haussière actuelle de Bitcoin, de sa reconnaissance mondiale et de sa liquidité dans le cadre de sa stratégie d'investissement à long terme.
Addentax Group Corp. (NASDAQ:ATXG) hat ein unverbindliches Term Sheet unterzeichnet, um bis zu 12.000 Bitcoins zu erwerben, die auf etwa 1,3 Milliarden US-Dollar geschätzt werden. Dies stellt eine deutliche Steigerung gegenüber dem zuvor am 15. Mai 2025 angekündigten Ziel von 8.000 BTC dar.
Die vorgeschlagene Transaktion soll durch die Ausgabe neuer ATXG-Stammaktien abgewickelt werden. Die endgültigen Bedingungen, einschließlich der genauen Anzahl der Bitcoins, der auszugebenden Aktien und der Preisgestaltung, unterliegen noch Verhandlungen, Due Diligence und den üblichen Genehmigungen. Das Unternehmen beabsichtigt, die derzeitige bullische Dynamik von Bitcoin, seine globale Anerkennung und Liquidität als Teil seiner langfristigen Anlagestrategie zu nutzen.
- Potential acquisition of 12,000 Bitcoins worth approximately $1.3 billion, increased from initial 8,000 BTC target
- Transaction to be funded through stock issuance, preserving cash resources
- Strategic positioning to capitalize on Bitcoin's bullish momentum and liquidity
- Non-binding term sheet subject to multiple conditions and approvals
- Potential significant shareholder dilution through new share issuance
- High execution risk due to transaction size and cryptocurrency market volatility
Insights
ATXG enters non-binding term sheet to acquire up to 12,000 BTC worth ~$1.3B through share issuance; significant strategic pivot still pending final agreement.
Addentax Group Corp has significantly upsized its cryptocurrency ambitions, entering a non-binding term sheet to potentially acquire up to 12,000 Bitcoins valued at approximately
This represents an extraordinary pivot for ATXG, potentially transforming its balance sheet and business model. However, several critical elements remain unresolved: the final Bitcoin quantity, share issuance terms, pricing, and exchange rate mechanics. The preliminary nature of this agreement requires substantial caution - the term sheet is non-binding and contingent on due diligence, definitive agreement execution, and regulatory approvals.
What's particularly notable is the company's stated intention to deploy "significant resources" toward a long-term Bitcoin investment strategy. This suggests ATXG is positioning itself as a Bitcoin treasury vehicle, similar to MicroStrategy's approach. The transaction's sheer size relative to ATXG's market capitalization indicates this would fundamentally transform the company into a Bitcoin-focused entity.
Without specifics on the share issuance terms, investors cannot yet calculate potential dilution impacts. The transaction's completion hinges on Bitcoin's continued perceived value and regulatory environment between now and closing. While potentially transformative, the preliminary nature of this announcement means substantial execution risk remains before any Bitcoin actually changes hands.
This term sheet outlines the preliminary framework for the contemplated acquisition and remains subject to the negotiation and execution of a definitive agreement, the satisfactory completion of due diligence, and customary approvals. The final number of Bitcoins to be acquired, the number of shares to be issued, and the issuance terms (including pricing) will be determined through mutual agreement.
This development follows the Company's announcement on May 15, 2025 regarding its discussions with multiple independent Bitcoin holders. The Company has now executed a non-binding term sheet with one of the substantial holders, who has expressed a willingness to sell up to 12,000 BTC in exchange for the Company's shares of common stock. This increases the potential acquisition size from the originally discussed 8,000 BTC to 12,000 BTC.
The Company's management has expressed a strong intention to allocate significant resources to its long-term Bitcoin investment strategy, aiming to capitalize on the current bullish momentum of Bitcoin given its global recognition and liquidity.
About Addentax Group Corp.
Addentax Group Corp. is an integrated service provider specializing in garment manufacturing, logistics services, and property management and subleasing. For more information about the Company, please visit the website: https://www.addentax.com/.
Caution Concerning Forward Looking Statements
All statements other than statements of historical fact in this announcement are forward-looking statements in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions are intended to identify such forward-looking statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to consider risk factors, including those described in the Company's filings with the SEC, that may affect the Company's future results. All forward-looking statements attributable to the Company and its subsidiaries or persons acting on their behalf are expressly qualified in their entirety by these risk factors. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. These forward-looking statements are based on information currently available to Addentax and its current plans or expectations and are subject to a number of known and unknown uncertainties, risks and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These and other important factors are described in detail in the "Risk Factors" section of Addentax's Annual Report on Form 10-K for the year ended March 31, 2024. Although we believe the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur.
Company Contact:
Public Relations Contact:
Addentax Group Corp.
Phone: + (86) 755 86961 405
xinyee.lee@zgyingxi.com
Investor Relations Contact:
Sherry Zheng
WAVECREST GROUP INC.
1-718-213-7386
sherry@wavecrestipo.com
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SOURCE Addentax Group Corp.
FAQ
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