m_and_a
confidence high
sentiment neutral
materiality 0.60
Nova LifeStyle subsidiary acquires ~6.67% stake in fund holding 353,772 SpaceX shares for $5.66M
XMax Inc.
- Subsidiary Nova Furniture Limited closed subscription for 99.815% of Preamble Capital for $5,664,500.05.
- Preamble Capital subscribed to ~6.667% interest in a fund that holds 353,772 SpaceX shares (121,805 Class A, 231,967 Class C) for $5,660,000.05.
- Transaction closed on September 29, 2025; financial statements to be filed by amendment within 71 days.
- Investment provides indirect exposure to SpaceX through a private fund structure.