XMax raises $3.6M in private placement, selling 486,500 shares to non-U.S. investors

Filed June 2, 2026 · Period ending May 28, 2026 · ~1 min read

Key Changes

• high

  XMax sold 486,500 common shares at $7.347 per share to non-U.S. investors for $3.6 million total proceeds. This dilutes existing shareholders by adding approximately 486,500 shares to the outstanding count.

  Item 1.01 verify on EDGAR →
• medium

  The sale was structured as a private placement under Regulation S to non-U.S. investors, meaning shares were not registered with the SEC under typical exemptions for offshore transactions.

  Item 3.02 verify on EDGAR →
• low

  New investors agreed to an 18-month lock-up period starting May 28, 2026, preventing them from selling or transferring shares without company consent. This reduces near-term selling pressure.

  Item 1.01 verify on EDGAR →