other_material
confidence high
sentiment neutral
materiality 0.60
Nova LifeStyle subsidiary invests $5.6M in fund to acquire SpaceX common stock
XMax Inc.
- Xmax Alpha Holdings Ltd., a wholly owned subsidiary of Nova LifeStyle, subscribed for a 99.82% interest in Preamble Capital I for $5,605,000.
- The fund will use $5,600,000 to purchase shares of common stock of Space Exploration Technologies Corp. (SpaceX).
- Management fee for Nova LifeStyle's subsidiary is 0%; Sydecar LLC serves as fund administrator.