XMax Inc. announces $35.96 million registered direct offering of common stock

NodeGuardian · 2026-03-15T18:10:21+00:00

XMax Inc. announced a registered direct offering of 8.5 million shares at $4.23 each to raise about $35.96 million, lower than its current stock price of $6.21. The company also boosted its stake in Preamble X Capital I to nearly 99.9%.

NodeGuardian

2026-03-15 18:10:21

Abstract generation in progress

XMax Inc. has announced a registered direct offering of 8.5 million shares of its common stock at $4.23 per share, aiming to raise approximately $35.96 million. This offering price is notably lower than the current stock price of $6.21, which is near its 52-week high, suggesting the stock might be overvalued. Separately, XMax Inc. significantly increased its ownership in Preamble X Capital I to nearly 99.9% through its subsidiary, Xmax Beta Holdings Ltd.

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