secwatch.observer — SEC 8-K summary
======================================

Issuer:     XMax Inc. (XWIN)
CIK:        0001473334
Form:       8-K
Filed at:   2025-12-08T23:59:59+00:00
Accession:  0001493152-25-026681
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1473334/000149315225026681/0001493152-25-026681-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1473334/000149315225026681/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-026681

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer