secwatch.observer — SEC 8-K summary
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Issuer:     XMax Inc. (XWIN)
CIK:        0001473334
Form:       8-K
Filed at:   2026-04-29T23:59:59+00:00
Accession:  0001493152-26-019625
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1473334/000149315226019625/0001493152-26-019625-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1473334/000149315226019625/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-019625

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