XMax Inc.

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.

XMax Inc.'s wholly owned subsidiary, XMax AI Inc., has entered into an API Model Procurement Agreement to provide access to its artificial intelligence models. The agreement is valued at approximately $4.8 million over an initial one-year term, with monthly payments of $400,000. XMax also reported firm procurement interest from three other prospective customers and anticipates generating over $30 million in AI-related revenue within the next six to twelve months. This deal represents a significant milestone for the commercialization of XMax's AI platform.

XMax Inc. announced the successful launch of its AI Inference Platform through its subsidiary, XMax AI Inc., alongside new websites ai.xmax.com and xmax.com. Developed with Cloud Alliance Inc. and hosted on AWS, the platform is now operational, providing a scalable AI service infrastructure for internal operations, enterprise use cases, and future commercialization. This launch signifies a major step in XMax's strategic expansion into the AI inference platform business, aiming to enhance internal AI capabilities and create new revenue-generating services.

XMax Inc. has entered into a Securities Purchase Agreement with a purchaser, effective April 24, 2026, for the issuance and sale of its Common Stock. The shares will be sold at a price of $3.64 per share, which is 50% of the closing price on Nasdaq from the trading day prior to the agreement. The payment for the shares will be made in two installments, and the shares will be subject to a 60-month lock-up period, with a potential early release if the stock price reaches $10 per share after six months.