---
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"
generated_at: "2026-05-16T17:36:05.417925+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-024637
- JSON: https://secwatch.observer/filing/0001493152-25-024637.json
- Plain text: https://secwatch.observer/filing/0001493152-25-024637.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.