JXG · JX Luxventure Limited

Summary

JX Luxventure Group Inc entered into a Debt Exchange Agreement on March 6, 2026 with Huidan Li, Co-Chairman, to issue 650,307 shares of common stock at $3.23 per share (20% discount to $4.07 Nasdaq price) in exchange for canceling a $2,120,000 promissory note issued April 21, 2025. Closing is subject to Nasdaq listing approval, board and majority shareholder approval, and SEC Form 6-K filing.

Key takeaways

• Agreement dated March 6, 2026 between JX Luxventure Group Inc and Huidan Li (Co-Chairman)
• Exchange $2,120,000 principal promissory note (issued April 21, 2025, interest-free, due on demand) for 650,307 common shares
• Conversion price $3.23 per share, 20% discount to $4.07 Nasdaq price on agreement date
• Closing conditions: Nasdaq LAS submission and clearance, board and majority shareholder approval, executed agreement, SEC 6-K filing
• Transaction under Section 3(a)(9) exemption; shares restricted and non-assessable
• As of agreement date: 4,516,524 common shares issued and outstanding