InvestmentJul 23, 2026, 04:32 PM
XMax Subsidiary Invests $8.32M in Fund Targeting Figure AI Inc.
AI Summary
XMax Inc.'s indirectly wholly owned subsidiary, Xmax Beta Holdings Ltd., made an additional subscription of US$8,320,000 in Preamble X Capital I, increasing its interest to over 99.9%. Preamble X Capital I subsequently invested $8,000,000 for approximately 48% interest in a private investment fund. This fund's manager plans to invest substantially all its assets in shares of Figure AI Inc., a Delaware corporation.
Key Highlights
- Xmax Beta Holdings Ltd. invested an additional US$8,320,000 in Preamble X Capital I.
- This increases Xmax Beta Holdings Ltd.'s interest in Preamble X Capital I to over 99.9%.
- Preamble X Capital I subscribed for approximately 48% interest in a private investment fund.
- The subscription amount for the private investment fund was $8,000,000.
- The private investment fund intends to invest substantially all assets in Figure AI Inc.
- The Fund's estimated size is $30,000,000 to $500,000,000.
- The Fund operates with a 0% management fee and 0% carry percentage.
Price Impact
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