InvestmentJul 10, 2026, 04:33 PM
XMax Subsidiary Invests $8.77M in Preamble X Capital I, Reaches >99.9% Stake
AI Summary
XMax Inc.'s indirectly wholly owned subsidiary, Xmax Beta Holdings Ltd., entered into a Subscription Agreement with Preamble X Capital I, investing an additional US$8,770,000. This investment increases Xmax Beta Holdings Ltd.'s interest in Preamble X Capital I to over 99.9%. Notably, the subsidiary will incur a 0% management fee for this investment.
Key Highlights
- Xmax Beta Holdings Ltd., an XMax Inc. subsidiary, made an additional subscription of $8,770,000.
- The investment was made in Preamble X Capital I.
- This increases the subsidiary's interest in Preamble X Capital I to more than 99.9%.
- The applicable management fee percentage for Xmax Beta Holdings Ltd. is 0%.
- The subscription was completed on July 7, 2026.
Price Impact
More from XWIN