---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-019625"
form_type: "8-K"
ticker: "XWIN"
cik: "0001473334"
company_name: "XMax Inc."
filed_at: "2026-04-29T23:59:59+00:00"
generated_at: "2026-05-15T01:42:48.425930+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# XMax raises $31.1M via private placement of 8.55M shares at $3.64 each (50% discount)

## Summary
- Sold 8,550,000 shares at $3.64/share (50% of April 23 close) for $31,122,000 to six non-U.S. investors.
- Shares issued under Regulation S; 60-month lock-up unless stock price reaches $10 after 6 months.
- Shares outstanding as of April 29, 2026: 63,602,326.

## SEC filing metadata
- accession: 0001493152-26-019625
- form_type: 8-K
- ticker: XWIN
- cik: 0001473334
- company_name: XMax Inc.
- filed_at: 2026-04-29T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1473334/000149315226019625/0001493152-26-019625-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1473334/000149315226019625/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-019625
- JSON: https://secwatch.observer/filing/0001493152-26-019625.json
- Plain text: https://secwatch.observer/filing/0001493152-26-019625.txt

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