other_material
confidence medium
sentiment neutral
materiality 0.50
XMax subsidiary invests $5.45M in fund targeting SpaceX shares; gains >99.9% interest in Preamble X Capital I
XMax Inc.
- Xmax Beta Holdings, a wholly owned subsidiary of XMax Inc., subscribed $5,450,000 in Preamble X Capital I, increasing its interest to >99.9%.
- Preamble X Capital I used $5,350,000 to subscribe for ~3.68% interest in a private fund that will acquire 258,051 shares of SpaceX Class A Common Stock.
- The transactions were completed on April 15 and April 20, 2026, respectively.
- Management fee for the subsidiary is 0%; no carry percentage on distributions.