Singapore – September 13, 2026 -- SuperX AI Technology Limited (NASDAQ: SUPX) repurchased 119,360 ordinary shares on September 8, 2026, at an average net price of US$7.7691 per share, a transaction valued at roughly US$927,000.
Board authorizes $20 million buyback program through August 2027
SuperX's Board of Directors approved the 2026 Repurchase Program on August 6, 2026, granting management authority to repurchase up to US$20 million of ordinary shares over the following twelve months. The company stated the move reflects Board and management confidence that current market valuation does not fully capture the firm's intrinsic value and long-term growth potential.
Company frames buybacks as capital allocation tool alongside core investment
SuperX said share repurchases are intended to enhance shareholder value while preserving financial flexibility for continued investment in core business expansion. Purchases are being executed through open-market transactions, privately negotiated deals, block trades, and other legally permissible means.
Repurchases comply with Rule 10b-18 safe harbor and 10b5-1 trading plans
The company confirmed the transactions are conducted in compliance with applicable U.S. securities laws, including the safe harbor provisions of Rule 10b-18 under the Securities Exchange Act of 1934, and pursuant to Rule 10b5-1 trading plans. SuperX is a Nasdaq-listed, Singapore-headquartered provider of full-stack AI infrastructure, including AI servers, 800VDC power solutions, high-density liquid cooling, and AI cloud and agent services for institutional clients globally.