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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.