XMax Inc. raises $7M via discounted private placement; 60-month lock-up

XMax Inc.

Private placement of 1,958,000 shares at $3.575/share (50% of prior close) for aggregate $6,999,850.
Purchaser: StratoCore Solutions Ltd., a Malaysian company, non-U.S. person under Regulation S.
Shares subject to 60-month lock-up; lock-up lifts if stock reaches $15 per share after six months.
Closing expected by April 10, 2026; use of proceeds not disclosed.
Issuance exempt under Regulation S; no registration rights granted.

item 1.01 item 3.02 item 9.01

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