EnergyX Lifts Its Regulation A+ Offering in Supplement No. 5

A Regulation A+ offering is a public securities sale qualified by the SEC under the expanded Regulation A rules, and on July 13, 2026, Energy Exploration Technologies, Inc., known as EnergyX, filed a 253G2 supplement that set fresh terms for its continuing lithium-technology raise.

What happened

EnergyX filed Supplement No. 5 to its offering circular on Form 253G2. The company, incorporated in Puerto Rico, describes itself as a multinational critical minerals and energy-technology business. Its work centers on direct lithium extraction technology, lithium metal production and next-generation batteries.

Under the supplement, EnergyX offers up to 2,158,865 shares of common stock at $13.00 per share, for maximum gross proceeds of $28,065,245, not counting a 1.5% transaction fee charged to investors. The minimum purchase is 100 shares, or $1,300, with additional purchases in $13.00 increments.

The supplement also shows how far the raise has already gone. As of the offering date, the company reported prior sales of 4,131,147 shares at an average price of $10.28, generating $44,514,772 in gross proceeds. It also reported 199,900 bonus shares previously issued under a bonus share program.

How it works

EnergyX relies on Tier 2 of Regulation A, cited as Rule 251(a)(2), which caps sales at $75 million in any rolling 12-month period. The offering is structured as a continuous program over three years, which is why it is updated through supplements rather than a new offering statement each time.

The supplement lays out the history. The offering was first qualified on July 1, 2025. Post-Qualification Amendment No. 2, dated January 16, 2026, raised the maximum proceeds from $27 million to $55 million. Four earlier supplements, filed between October 2025 and February 2026, stepped the share price up in stages from $10.00 to $13.00.

DealMaker Securities LLC, a registered broker-dealer and FINRA member, serves as the broker. Investor funds go into escrow with Enterprise Bank & Trust. Proceeds are earmarked broadly for capital and operating expenditures, marketing, personnel and other corporate purposes.

The financial disclosure explains why the company keeps raising. Its accumulated deficit grew from $52,388,559 at December 31, 2024 to $73,266,721 at December 31, 2025. The risk factors flag substantial doubt about the company’s ability to continue as a going concern, limited operating history, technology not yet proven at commercial scale, volatile lithium prices, permitting and regulatory risks, reliance on key personnel, and contingencies tied to an investment by Eni.

Key terms

• Form 253G2: The EDGAR form type used to file an offering circular or supplement under Rule 253(g)(2) after qualification.
• Post-qualification amendment: A formal amendment to a qualified offering statement, needed for material changes such as raising the maximum offering size.
• Direct lithium extraction (DLE): Processes that pull lithium from brine without large evaporation ponds.
• Escrow: An account where investor money is held until conditions for closing are met.
• Accumulated deficit: The running total of net losses since inception.

FAQ

Why do Regulation A+ offering prices rise in steps?

Issuers in continuous offerings sometimes raise the price per share through supplements as the raise progresses. EnergyX’s supplements moved the price from $10.00 to $13.00 over several filings. A higher offering price is set by the company and does not reflect a trading market.

Can investors sell these shares on an exchange?

The supplement describes a direct online offering, not an exchange listing. Investors should assume limited liquidity unless a listing is disclosed.

Does the going-concern language mean the company will fail?

No. It means the company and its auditors see substantial doubt about meeting obligations without additional funding, which is common for pre-revenue technology developers that depend on continued capital raising.

What should readers watch?

Further supplements changing price or size, Form 1-K and 1-SA reports tracking the deficit and cash position, and any Form 1-U disclosing developments in the Eni relationship.