XMax raises $3.7M via private placement of 434,600 shares at $8.454/share

XMax Inc.

Sold 434,600 shares of common stock at $8.454 per share for aggregate proceeds of $3,674,108.
Private placement conducted under Regulation S exemption; purchasers are non-U.S. investors.
Purchasers subject to 18-month lock-up on shares and related securities without company consent.
Shares are unregistered and carry restrictive legend; no obligation to register.
Closing expected within 30 business days; conditions include no material adverse change.

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