XMax shareholders approve issuance of >20% of common stock in private placement and shelf offering

XMax Inc.

Proposal 1 (Private Placement Issuance) passed: 25,775,447 for, 279,140 against, 52,402 abstain.
Proposal 2 (Shelf Issuance) passed: 25,775,415 for, 279,146 against, 52,428 abstain.
Proposal 3 (adjournment authority) passed: 25,775,196 for, 279,478 against, 52,315 abstain.
Issuances exceed 20% of outstanding common stock at a price below Nasdaq's Minimum Price per Rule 5635(d).
No details on size, pricing, or use of proceeds disclosed in the filing.

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