secwatch.observer — SEC 8-K summary
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Issuer:     XMax Inc. (XWIN)
CIK:        0001473334
Form:       8-K
Filed at:   2026-03-31T23:59:59+00:00
Accession:  0001493152-26-014208
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1473334/000149315226014208/0001493152-26-014208-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1473334/000149315226014208/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-014208

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