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SINGAPORE - NASDAQ-listed Junee Limited (NASDAQ:JUNE), whose shares have surged over 200% year-to-date, has officially changed its corporate identity to SuperX AI Technology Limited (NASDAQ:SUPX), reflecting its strategic shift towards AI infrastructure solutions. The company’s ordinary shares, currently trading at $11.50, will trade under the new ticker symbol "SUPX" starting today.
The rebranding signifies the company’s evolution into a comprehensive provider of artificial intelligence infrastructure, aiming to offer integrated systems that include computation, model hosting, data pipelines, and orchestration tools to facilitate enterprise AI deployment on a global scale. According to InvestingPro data, the company, valued at approximately $150 million, currently maintains a weak financial health score of 1.75, with last twelve months revenue of $1.98 million.
Yu Chun Kit, executive director of SuperX, commented on the transition, stating, "Our new name more accurately reflects our long-term vision to empower developers, enterprises, and research institutions with scalable and high-performance infrastructure tailored for the AI era."
Shareholders of the company will not be affected by this change and are not required to take any action. The CUSIP number for SuperX’s ordinary shares will remain the same.
SuperX AI Technology Limited, which also operates through its subsidiaries MindEnergy AI Technology Pte. Ltd. and ASPAC AI Computing Pty Ltd, is intent on leading the technology sector by developing and delivering advanced digital infrastructure solutions. The company emphasizes the integration of smart technology into its services, striving to set new industry standards for innovation and excellence.
The announcement includes forward-looking statements subject to risks and uncertainties, and actual results may differ materially. InvestingPro analysis suggests the stock is currently overvalued based on its proprietary Fair Value model. Discover more insights and valuation metrics with an InvestingPro subscription, including 12+ additional ProTips for SUPX. Investors are advised to consult SuperX AI Technology Limited’s filings with the Securities and Exchange Commission, including its most recent Form 20-F, for a detailed discussion of these risks and uncertainties.
This news article is based on a press release statement from SuperX AI Technology Limited.
In other recent news, Junee Limited has announced a significant transformation, planning to rebrand as SuperX AI Technology Limited, shifting its focus towards AI infrastructure solutions. This change, which includes a new corporate name and ticker symbol "SUPX," is expected to take effect on June 2, 2025, pending regulatory approvals. The company aims to establish itself as a key player in the AI space, offering services such as computing, model hosting, and data pipelines. In addition to this strategic shift, Junee Limited has released its unaudited financial results for the six months ending December 31, 2024. The financial report, filed with the U.S. Securities and Exchange Commission, reflects the company’s ongoing commitment to transparency and corporate governance. Executive Director Yu Chun Kit signed the report, underscoring compliance with regulatory requirements. The financial disclosure provides investors with insights into the company’s performance during the period. These developments highlight Junee Limited’s efforts to reposition itself in the market and maintain open communication with its investors.
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