secwatch.observer — SEC 8-K summary
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Issuer:     XMax Inc. (XWIN)
CIK:        0001473334
Form:       8-K
Filed at:   2025-11-21T23:59:59+00:00
Accession:  0001493152-25-024637
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1473334/000149315225024637/0001493152-25-024637-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1473334/000149315225024637/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-024637

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