XWIN XMax Inc.
Price Chart
Executive Summary
XMax Inc. entered into a private placement with six non-U.S. investors to sell 8,550,000 shares at $3.64 per share, representing a 50% discount to the prior day's closing price, for aggregate proceeds of $31,122,000. The offering dilutes existing shareholders by approximately 13.4% and signals urgent capital needs, especially given the company's recent acquisition of a SpaceX stake and new CEO appointment.
Key Financial Metrics
Actionable Insight
The deep discount and lack of stated use of proceeds suggest the company is raising capital under pressure. Watch for further dilution or a change in cash burn rate. The lock-up prevents immediate selling, but the $10 release condition creates a potential overhang if the stock rallies.
Key Facts
- 8,550,000 shares sold at $3.64 per share, a 50% discount to the prior day's closing price
- Aggregate proceeds of $31,122,000
- Shares outstanding of 63,602,326 as of April 29, 2026, implying 13.4% dilution
- Securities sold under Regulation S to non-U.S. investors
- 60-month lock-up with early release if stock closes at or above $10 per share after six months
- Use of proceeds not specified in the filing
Financial Impact
Dilution of 13.4% with $31.1M raised at a 50% discount to market price
Risk Factors
- Significant dilution to existing shareholders
- Indication of financial distress given the 50% discount
- Uncertainty around use of proceeds amid recent strategic investments
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-019625 |
| Document: form8-k.htm | 0001493152-26-019625 |
| Document: 0001493152-26-019625-index-headers.html | 0001493152-26-019625 |
| Document: 0001493152-26-019625-index.html | 0001493152-26-019625 |
| Document: 0001493152-26-019625.txt | 0001493152-26-019625 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 22, 2026
18d ago
|
Press Release
| $8.39 $8.56 | ▲ +2.03% | ▲ +0.37% | $8.29 (−1.19%) |
|
May 15, 2026
25d ago
|
Press Release
| $7.90 $8.18 | ▲ +3.54% | ▲ +1.93% | $8.29 (+4.94%) |
|
May 13, 2026
27d ago
|
EFFECT
| $8.32 $8.04 | ▼ −3.37% | ▼ −2.21% | $8.29 (−0.36%) |
|
Apr 29, 2026
5w ago
|
8-K
| $8.07 $8.25 | ▼ −2.23% | ▼ −0.50% | $8.29 (−2.73%) |
|
Apr 21, 2026
7w ago
|
8-K
| $7.34 $7.96 | ▲ +8.45% | ▲ +8.39% | $8.29 (+12.94%) |
|
Apr 17, 2026
7w ago
|
DEFA14A
| $7.34 $7.34 | · 0.00% | ▼ −0.91% | $8.29 (+12.94%) |
|
Apr 16, 2026
7w ago
|
8-K
| $7.21 $7.24 | ▲ +0.42% | ▼ −0.57% | $8.29 (+14.98%) |
|
Apr 15, 2026
7w ago
|
Press Release
| $7.21 $7.24 | ▲ +0.42% | ▼ −0.57% | $8.29 (+14.98%) |
|
Apr 8, 2026
8w ago
|
8-K
| $7.22 $7.21 | ▼ −0.14% | ▼ −3.32% | $8.29 (+14.82%) |
|
Mar 24, 2026
11w ago
|
Press Release
| $7.25 $7.23 | ▼ −0.28% | ▼ −0.03% | $8.29 (+14.34%) |
US Market Status
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