---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-037394"
form_type: "8-K"
ticker: "XWIN"
cik: "0001473334"
company_name: "XMax Inc."
filed_at: "2026-08-12T20:45:28+00:00"
generated_at: "2026-08-12T20:46:26.054593+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# XMax buys 561,426 Aerora shares for $12.0M; invests $8.4M in fund targeting Figure AI

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-26-037394
- form_type: 8-K
- ticker: XWIN
- cik: 0001473334
- company_name: XMax Inc.
- filed_at: 2026-08-12T20:45:28+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1473334/000149315226037394/0001493152-26-037394-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1473334/000149315226037394/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-037394
- JSON: https://secwatch.observer/filing/0001493152-26-037394.json
- Plain text: https://secwatch.observer/filing/0001493152-26-037394.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.