Corporate ActionJul 7, 2026, 04:38 PM
XMax Inc. Raises $3.67M in Private Placement
AI Summary
XMax Inc. has entered into Securities Purchase Agreements with certain non-U.S. investors for a private placement. The company will sell 434,600 shares of its common stock at a price of $8.454 per share, totaling an aggregate offering price of $3,674,108.40. The purchasers are subject to an 18-month lock-up period, restricting the sale or transfer of these shares.
Key Highlights
- XMax Inc. entered into Securities Purchase Agreements for a private placement.
- The company will sell 434,600 shares of common stock to non-U.S. investors.
- The purchase price per share is $8.454.
- The aggregate offering price for the private placement is $3,674,108.40.
- Purchasers are subject to an 18-month lock-up period on the shares.
Price Impact
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