{"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","headline":"XMax Inc. enters $5M convertible note agreement with Billiongold Holding Limited","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-024637","json":"https://secwatch.observer/filing/0001493152-25-024637.json","markdown":"https://secwatch.observer/filing/0001493152-25-024637.md","text":"https://secwatch.observer/filing/0001493152-25-024637.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1473334/000149315225024637/0001493152-25-024637-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1473334/000149315225024637/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T17:36:05.417925+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}