XMax Inc. enters $5M convertible note agreement with Billiongold Holding Limited

XMax Inc.

Principal of $5,000,000, 6% annual interest, maturity 36 months from purchase price date.
Conversion price set at $7.80 per share of common stock, at holder's option.
Note sold under Regulation S exemption; proceeds to be used for general corporate purposes.
Borrower may prepay all or any portion of outstanding balance.
Events of default include non-payment, failure to deliver conversion shares, and bankruptcy.

item 1.01 item 2.03 item 9.01

Machine-readable event card

schema_version: secwatch.filing_event.v1
accession: 0001493152-25-024637
form_type: 8-K
ticker: XWIN
cik: 0001473334
company_name: XMax Inc.
filed_at: 2025-11-21T23:59:59+00:00
discovered_at: 2026-05-14T18:02:39.478135+00:00
generated_at: 2026-05-16T17:36:05.417925+00:00
sec_items: ["1.01", "2.03", "9.01"]
event_type: debt
sentiment: neutral
materiality_score: 0.55
confidence: high
secwatch_canonical_url: https://secwatch.observer/filing/0001493152-25-024637
json_url: https://secwatch.observer/filing/0001493152-25-024637.json
markdown_url: https://secwatch.observer/filing/0001493152-25-024637.md
text_url: https://secwatch.observer/filing/0001493152-25-024637.txt
edgar_index_url: https://www.sec.gov/Archives/edgar/data/1473334/000149315225024637/0001493152-25-024637-index.htm
edgar_primary_document_url: https://www.sec.gov/Archives/edgar/data/1473334/000149315225024637/form8-k.htm
generated_by_model: deepseek-v4-flash:cloud@v2
review_status: machine_generated
human_reviewed: false
corrected: false
correction_note: null
correction_timestamp: null
superseded_by: null

JSON Markdown Plain text

Source: SEC EDGAR

accession 0001493152-25-024637

view filing index on sec.gov

view primary document

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.