XMax Inc. Raises $3.57 Million in Private Placement at Discounted Price

summarizeSummary

XMax Inc. completed a private placement, selling 486,500 shares to non-U.S. investors for $3.57 million at a discounted price of $7.347 per share, with an 18-month lock-up.

check_boxKey Events

• Private Placement Details

  XMax Inc. entered into Securities Purchase Agreements on May 28, 2026, to sell 486,500 shares of common stock to certain non-U.S. investors.

• Offering Price and Proceeds

  The shares were sold at a purchase price of $7.347 per share, totaling an aggregate offering price of $3,574,315.50. This represents an approximately 11.9% discount to the current stock price of $8.34.

• Investor Lock-Up Period

  Purchasers are subject to an 18-month lock-up period, restricting them from selling or transferring the shares without prior written consent from the company.

• Regulatory Exemption

  The private placement was completed pursuant to the exemption from registration provided by Regulation S under the Securities Act of 1933.

auto_awesomeAnalysis

XMax Inc. has secured $3.57 million through a private placement of common stock to non-U.S. investors. While this capital infusion provides additional liquidity, the shares were sold at $7.347 each, representing an approximately 11.9% discount to the current market price. This continues the company's trend of raising capital, following several larger offerings in recent months, and comes shortly after a PRE 14A filing seeking approval for potentially much larger dilutive offerings. The 18-month lock-up period for the new investors mitigates immediate selling pressure.