XMax Inc. unit invests $8.46M in xAI via Preamble X Capital I subscription

XMax Inc.

Xmax Beta Holdings subscribed 99.88% interest in Preamble X Capital I for $8,461,428.80.
Preamble X Capital I used $2,999,928.80 to acquire 40,106 equity certificates in SPV holding xAI Series B Preferred Stock.
Preamble X Capital I committed $5,400,000 to a separate fund to purchase xAI common stock.
Management fee and carry percentage for Xmax Beta Holdings are 0%; term is five years.
Investment provides XMax exposure to xAI, an AI company founded by Elon Musk.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

XMax Inc. entered into Subscription Agreement with Preamble X Capital LLC valued at $8,461,428.80 (effective 2025-12-02).

Action: entry
Agreement: equity purchase
Counterparty: Preamble X Capital LLC
Value: $8,461,428.80
Effective: 2025-12-02

Exact text from the filing

On December 2, 2025, Xmax Beta Holdings Ltd. (the “ Company ”), a company incorporated in the Cayman Islands and an indirectly wholly owned subsidiary of XMax Inc. entered into a Subscription Agreement (the “ Agreement ”) with Preamble X Capital I, a series of Preamble X Capital LLC, a Delaware Limited Liability Company. Pursuant to the Agreement, the Company subscribed approximately 99.88% interest in Preamble X Capital I in an amount equal to US$8,461,428.80 (the “ Subscription Amount ”) and has become a member of Preamble X Capital I and been bound by the LLC Agreement as a member of Preamble X Capital I.

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Source: SEC EDGAR

accession 0001493152-25-026681

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