---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-009569"
form_type: "8-K"
ticker: "XWIN"
cik: "0001473334"
company_name: "XMax Inc."
filed_at: "2026-03-10T23:59:59+00:00"
generated_at: "2026-05-15T15:53:37.934587+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# XMax raises $35.96M via registered direct offering of 8.5M shares at $4.23/share

## Summary
- 8,500,000 shares sold at $4.23 per share, aggregate gross proceeds of $35,955,000.
- Per share purchase price equals ~70% of prior trading day's closing price on Nasdaq.
- Offering executed under effective shelf registration statement (File No. 333-274970) declared effective Oct 23, 2023.
- Net proceeds after offering expenses not specified; closing subject to customary conditions.

## SEC filing metadata
- accession: 0001493152-26-009569
- form_type: 8-K
- ticker: XWIN
- cik: 0001473334
- company_name: XMax Inc.
- filed_at: 2026-03-10T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1473334/000149315226009569/0001493152-26-009569-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1473334/000149315226009569/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-009569
- JSON: https://secwatch.observer/filing/0001493152-26-009569.json
- Plain text: https://secwatch.observer/filing/0001493152-26-009569.txt

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