other_material
confidence high
sentiment neutral
materiality 0.60
XMax subsidiary invests $5.4M in fund to acquire xAI shares; prior $3M xAI investment closed
XMax Inc.
- Xmax Beta Holdings, a wholly owned XMax Inc. subsidiary, subscribed $5,375,000 to Preamble X Capital I, increasing its interest to ~99.9%.
- Preamble X Capital I then subscribed $5,400,000 to a fund that will purchase shares of X.AI Holdings Corp. (xAI).
- On Dec 16, Preamble X Capital I closed a prior $2,999,928.80 subscription for 40,106 equity certificates in an SPV holding xAI Series B Preferred.
- Total indirect xAI investment across these transactions is approximately $8.4M.