XMax buys Hexa Creation for $4.12M to enter 1200V vertical GaN power semiconductor market

XMax Inc.

Aggregate purchase price of $4,123,711.34 for 100% of Hexa Creation: $4,000,000 to seller Professor Yuji Zhao and $123,711.34 to Skysong Innovations, LLC.
At closing XMax pays $1,500,000 net to Zhao, crediting the $500,000 deposit paid June 24, 2026, plus $61,855.67 to Skysong; remaining $2,061,855.67 deferred to Dec 31, 2027 with interest.
XMax also owes Skysong a change-of-control payment of 5% of the purchase price (about $206,186) within 30 days of closing under its exclusive patent license.
HexaGaN holds an exclusive license to patents owned by one of the largest U.S. public universities covering 1200V vertical GaN trench MOSFET tech for AI data center power.
Cites Yole Group: GaN power device market to grow from ~$355M in 2024 to ~$3.0B by 2030 (~42% CAGR); deal outside date is April 5, 2027.

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