XMax Inc.

XMax Inc. entered into a Securities Purchase Agreement to acquire 561,426 Ordinary Shares of Aerora Technology Co., Ltd. from Cobalt Pacific Holdings Ltd. for an aggregate purchase price of $12,003,287.95, or approximately $21.38 per share. Separately, Xmax Beta Holdings Ltd., an indirectly wholly owned subsidiary of XMax Inc., invested $8.4 million in a private investment fund. This fund intends to invest substantially all of its assets in shares of Figure AI Inc.

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.

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.

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.

XMax Inc. announced significant salary increases and amendments to the employment agreements for its Chief Executive Officer, Chief Operating Officer, and Chief Financial Officer, effective July 1, 2026. CEO Xiaohua Lu's annual base salary doubled from $80,000 to $160,000, while COO Yizhou Zhao's salary increased from $80,000 to $159,000. CFO Jeffery Chuang also received a raise, with his annual base salary increasing from $70,000 to $80,000. These changes were approved by both the Compensation Committee and the Board of Directors.

XMax Inc. (XWIN) has filed a definitive proxy statement (DEF 14A) announcing a special meeting of stockholders to be held on July 24, 2026. The primary purpose of the meeting is to vote on two proposals related to the sale and issuance of common stock, each potentially exceeding 20% of outstanding shares at a price below the Nasdaq 'Minimum Price'. These issuances, a private placement and a registered direct offering, are intended to raise capital for the company's AI business development strategy. A third proposal seeks to grant the Chairman authority to adjourn the meeting. The Board of Directors unanimously recommends voting in favor of all three proposals.

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.

XMax Inc.'s wholly owned subsidiary, XMax AI Inc., has entered into an additional AI Model API Services Agreement with a new customer. This one-year agreement is projected to generate up to $3.6 million in annual revenue by providing API-based access to artificial intelligence models and related cloud infrastructure services. XMax's CEO, Xiaohua Lu, stated that this agreement validates the growing demand for their AI infrastructure and API platform, marking an important milestone in the expansion of their AI business and long-term growth prospects.

XMax Inc. reported a net income of $191,514 for the first quarter of 2026, a significant improvement from a net loss of $338,871 in the prior year, primarily driven by a $794,212 unrealized gain on investment in a fund. Despite this, net sales decreased to $1.78 million from $2.64 million year-over-year, and the loss from operations widened. The company's total assets increased to $47.14 million, and stockholders' equity rose to $40.35 million, largely due to $12.20 million in proceeds from issuing common stock.

XMax Inc. announced a change in its ticker symbol from "XWIN" to "XMAX," effective at market open on May 18, 2026. This move is intended to better align the company's public market identity with its XMax brand and its evolving strategic direction, particularly its expansion into artificial intelligence technologies. The company stated that the change will not affect the rights of existing shareholders, and no action is required on their part.