XMax raises $31.1M in private placement, diluting shares by 13.4%

Filed April 29, 2026 · Period ending April 24, 2026 · ~1 min read

Key Changes

• high

  XMax sold 8.55 million common shares at $3.64 per share to six non-U.S. investors, raising $31.1 million in cash. This represents approximately 13.4% dilution to existing shareholders based on the post-transaction share count of 63.6 million.

  Item 1.01 verify on EDGAR →
• medium

  The offering was conducted under Regulation S, which exempts securities sold to non-U.S. persons from SEC registration. These shares may have resale restrictions that could affect future trading liquidity.

  Item 3.02 verify on EDGAR →
• medium

  Total issued common stock now stands at 63.6 million shares as of April 29, 2026, providing the current fully diluted share count for valuation purposes.

  Item 1.01 verify on EDGAR →