---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-046545"
form_type: "8-K"
ticker: "XWIN"
cik: "0001473334"
company_name: "XMax Inc."
filed_at: "2026-10-09T20:30:22+00:00"
generated_at: "2026-10-12T15:06:49.628808+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-26-046545
- form_type: 8-K
- ticker: XWIN
- cik: 0001473334
- company_name: XMax Inc.
- filed_at: 2026-10-09T20:30:22+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1473334/000149315226046545/0001493152-26-046545-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1473334/000149315226046545/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-046545
- JSON: https://secwatch.observer/filing/0001493152-26-046545.json
- Plain text: https://secwatch.observer/filing/0001493152-26-046545.txt

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