---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-025578"
form_type: "8-K/A"
ticker: "XWIN"
cik: "0001473334"
company_name: "XMax Inc."
filed_at: "2025-12-01T23:59:59+00:00"
generated_at: "2026-05-16T15:52:21.858560+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# XMax files 8-K/A clarifying SpaceX fund investment as passive, not consolidated

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-25-025578
- form_type: 8-K/A
- ticker: XWIN
- cik: 0001473334
- company_name: XMax Inc.
- filed_at: 2025-12-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1473334/000149315225025578/0001493152-25-025578-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1473334/000149315225025578/form8-ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-025578
- JSON: https://secwatch.observer/filing/0001493152-25-025578.json
- Plain text: https://secwatch.observer/filing/0001493152-25-025578.txt

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