
DealsJun 2, 2026, 04:38 PM
XMax Inc. Raises $3.57M via Private Placement of Stock
AI Summary
XMax Inc. announced a private placement of 486,500 shares of its common stock to certain non-U.S. investors for an aggregate offering price of $3,574,315.50, or $7.347 per share. The transaction is being conducted under Regulation S, exempting it from registration requirements. Investors are subject to an 18-month lock-up period on the shares.
Key Highlights
- XMax Inc. to sell 486,500 shares of common stock in a private placement.
- Aggregate offering price for the private placement is $3,574,315.50.
- Purchase price per share is set at $7.347.
- Investors are subject to an 18-month lock-up period on the shares.
- The private placement is being conducted under Regulation S, exempt from registration.
Price Impact
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