M&A
confidence high
sentiment neutral
materiality 0.70
XMax buys 561,426 Aerora shares for $12.0M; invests $8.4M in fund targeting Figure AI
XMax Inc.
- Acquired 561,426 ordinary shares of Aerora Technology from Cobalt Pacific Holdings for $12,003,287.95 (~$21.38/share).
- Closing on or before Aug 31, 2026; shares subject to ROFR/co-sale rights under Aerora's November 2024 IRA.
- Separately, Preamble X Capital I subscribed for ~5% fund interests for $8.4M; fund will invest in Figure AI Inc. stock.
- Aerora is a Cayman exempted company with principal office in San Jose, CA; Seller holds 690,000 shares total.