ATXG Overview

Super League Enterprise Investment: Super League Enterprise, Inc. shares surged 200% to $9.83 in pre-market trading following a $10 million strategic equity investment from Evo Fund.

Other Notable Gainers: Several stocks saw significant pre-market gains, including Professional Diversity Network (up 88.8%), STRATA Skin Sciences (up 80%), and Jiuzi Holdings (up 50.9%).

Pre-Market Losers: Stocks like Psyence Biomedical and Diginex Limited experienced notable declines, with Psyence down 19.6% and Diginex down 17.7% in pre-market trading.

Market Overview: The article provides a snapshot of various stocks' performance in pre-market trading, highlighting both significant gainers and losers.

Acquisition Announcement: Addentax Group Corp. has entered a non-binding term sheet to acquire up to 12,000 Bitcoins from a substantial holder, increasing the potential acquisition size from the previously discussed 8,000 BTC, with an estimated market value of approximately $1.3 billion.

Investment Strategy: The company aims to enhance its long-term Bitcoin investment strategy, leveraging the current bullish momentum of Bitcoin, while the final terms of the acquisition will be determined through mutual agreement and are subject to due diligence and approvals.

Chinese Companies and Memecoin Investment: Small Chinese companies, including GD Culture Group, are investing in President Trump's memecoin, $TRUMP, to stabilize their shares on U.S. exchanges.

Funding Announcement Impact: GD Culture Group announced a $300 million funding deal aimed at acquiring cryptocurrencies, which resulted in a 14% increase in its stock price.

Company's Acquisition Plans: Addentax Group Corp. is in discussions to acquire up to 8,000 Bitcoins and other cryptocurrencies valued at approximately USD 800 million by issuing shares of common stock, aiming to enhance its long-term investment strategy in digital assets.

Management's Strategic Vision: The initiative is seen as a way to strengthen the company's balance sheet and build networks with influential cryptocurrency holders, reflecting a long-term strategic view on the evolving digital asset landscape.

Acquisition Plans: Addentax Group is in talks to acquire up to 8,000 Bitcoins and other cryptocurrencies valued at approximately $800M by issuing common stock, although no agreement has been finalized yet.

Strategic Goals: The company aims to enhance its balance sheet with liquid digital assets and attract experienced shareholders, reflecting a long-term strategy in the evolving cryptocurrency market.

Regaining Compliance: Addentax Group Corp. has regained compliance with Nasdaq Listing Rule 5450(a)(1) after its stock price remained above $1.00 for 10 consecutive business days, resolving a previous notification of non-compliance from April 2024.

Company Overview: Addentax Group Corp. specializes in garment manufacturing, logistics services, and property management, and provides forward-looking statements regarding its financial expectations while cautioning investors about potential risks.