other_material
confidence high
sentiment neutral
materiality 0.50
XMax files 8-K/A clarifying SpaceX fund investment as passive, not consolidated
XMax Inc.
- XMax determined its 6.667% indirect interest in a fund holding 353,772 SpaceX shares does not require consolidation under ASC 810.
- Fund holds 121,805 Class A and 231,967 Class C SpaceX common shares; XMax will account for stake as passive membership interest.
- Amendment removes previously indicated financial statements and pro forma info under Item 9.01 from the Oct 1, 2025 8-K.
- Filing corrects prior reporting; no other changes to the original 8-K are made.