other material
confidence high
sentiment neutral
materiality 0.60
XMax subsidiary invests $8.32M in fund that will invest in Figure AI Inc.
XMax Inc.
- Xmax Beta Holdings Ltd., a wholly owned subsidiary of XMax Inc., subscribed for $8,320,000 in Preamble X Capital I, increasing its interest to over 99.9%.
- Preamble X Capital I then subscribed for approximately 48% interests in a private investment fund for $8,000,000.
- The private fund intends to invest substantially all its assets in shares of Figure AI Inc., a Delaware corporation.
- The subscription was completed on July 17, 2026, and the transaction by Preamble X Capital I was completed on July 22, 2026.
- Management fee for the subsidiary is 0%.