secwatch.observer — SEC 8-K summary
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Issuer:     XMax Inc. (XWIN)
CIK:        0001473334
Form:       8-K
Filed at:   2026-03-10T23:59:59+00:00
Accession:  0001493152-26-009569
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1473334/000149315226009569/0001493152-26-009569-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1473334/000149315226009569/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-009569

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