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XMax Inc. (NASDAQ: NVFY) raises $6.99M in Regulation S private placement

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

XMax Inc. entered into a Securities Purchase Agreement with StratoCore Solutions Ltd. to complete a private placement of 1,958,000 common shares at $3.575 per share, for an aggregate price of $6,999,850. The transaction is being conducted as an unregistered offering under Regulation S.

Positive

  • None.

Negative

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Insights

XMax Inc. secures about $7.0M via a Regulation S private placement.

XMax Inc. agreed to sell 1,958,000 common shares at $3.575 per share to StratoCore Solutions Ltd., for total gross proceeds of about $6,999,850. The deal is documented in a Securities Purchase Agreement dated March 30, 2026.

The shares are issued in a private placement relying on Regulation S, meaning they are offered outside the United States and are not registered under the Securities Act. This structure can be faster and less costly than a registered public offering, though it typically comes with resale restrictions.

The filing does not state how the proceeds will be used or how the new shares compare with existing shares outstanding, so the impact on ownership and dilution cannot be assessed from this information alone. Subsequent disclosures may provide more context on capital allocation and balance sheet effects.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 3.02 Unregistered Sales of Equity Securities Securities
The company sold equity securities in a private placement or other unregistered transaction.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Shares sold 1,958,000 shares Common stock in private placement
Price per share $3.575 per share Sale price in Securities Purchase Agreement
Aggregate purchase price $6,999,850 Total consideration for the private placement
Agreement date March 30, 2026 Date of Securities Purchase Agreement with StratoCore
Securities Purchase Agreement financial
"entered into a Securities Purchase Agreement (the “Agreement”) with StratoCore Solutions Ltd."
A securities purchase agreement is a written contract between a buyer and a seller outlining the terms for buying or selling financial assets such as stocks or bonds. It specifies details like the price, quantity, and conditions of the transaction, similar to a shopping list with agreed-upon terms. For investors, it provides clarity and legal protection when transferring ownership of these financial instruments.
private placement financial
"agreed to sell to the Purchaser in a private placement 1,958,000 shares"
A private placement is a way for companies to raise money by selling securities directly to a small group of investors instead of through a public offering. This process is often quicker and less regulated, making it similar to offering a special, exclusive investment opportunity to select individuals or institutions. For investors, it can provide access to unique investment options that are not available on public markets.
Regulation S regulatory
"pursuant to the exemption from registration provided by Regulation S promulgated under the Securities Act of 1933"
Regulation S is a set of rules that allows companies to sell securities (like shares or bonds) to investors outside the United States without having to follow all U.S. securities laws. It matters because it makes it easier for companies to raise money from international investors while still complying with U.S. regulations.
Unregistered Sales of Equity Securities regulatory
"Item 3.02 Unregistered Sales of Equity Securities Please see the disclosure set forth under Item 1.01"
false 0001473334 0001473334 2026-03-30 2026-03-30 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 8-K

 

 

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): March 30, 2026

 

XMAX Inc.

(Exact name of registrant as specified in its charter)

 

Nevada   001-36259   90-0746568
(State or Other Jurisdiction   (Commission   (I.R.S. Employer
of Incorporation)   File Number)   Identification No.)

 

6565 E. Washington Blvd., Commerce, CA 90040

(Address of Principal Executive Office) (Zip Code)

 

(323) 888-9999

(Registrant’s telephone number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, par value $0.001 per share   XWIN   Nasdaq Stock Market

 

 

 

 

 

 

Item 1.01 Entry into a Material Definitive Agreement

 

On March 30, 2026, XMax Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Agreement”) with StratoCore Solutions Ltd., a Malaysian company (the “Purchaser”), pursuant to which the Company agreed to sell to the Purchaser in a private placement 1,958,000 shares (the “Shares”) of the Company’s common stock, par value $0.001 per share (the “Common Stock”), at a purchase price of $3.575 per share for an aggregate offering price of $6,999,850 (the “Private Placement”). The Private Placement will be completed pursuant to the exemption from registration provided by Regulation S promulgated under the Securities Act of 1933, as amended.

 

The form of the Agreement is filed as Exhibits 10.1 to this Current Report on Form 8-K. The foregoing summary of the terms of the Agreement is subject to, and qualified in its entirety by, the Agreement, which is incorporated herein by reference.

 

Item 3.02 Unregistered Sales of Equity Securities

 

Please see the disclosure set forth under Item 1.01, which is incorporated by reference into this Item 3.02.

 

Item 9.01 Financial Statements and Exhibits

 

(d) Exhibits

 

Exhibit No.   Exhibit Title or Description
10.1   Securities Purchase Agreement by and between the Company and StratoCore Solutions Ltd. dated March 30, 2026.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

 

  XMax Inc.
   
  /s/ Xiaohua Lu
  Xiaohua Lu
  Chief Executive Officer
   
March 31, 2026  

 

 

 

 

 

FAQ

What capital raise did XMax Inc. (NVFY) announce in this 8-K?

XMax Inc. agreed to a private placement of 1,958,000 common shares at $3.575 per share, totaling $6,999,850. The shares are being sold to StratoCore Solutions Ltd. under a Securities Purchase Agreement dated March 30, 2026, using Regulation S.

Who is buying the new XMax Inc. (NVFY) shares and how many are issued?

StratoCore Solutions Ltd., a Malaysian company, is purchasing 1,958,000 shares of XMax Inc.’s common stock. The transaction is documented in a Securities Purchase Agreement and structured as a private placement exempt from registration under Regulation S of the Securities Act.

What is the price per share in XMax Inc. (NVFY)’s private placement?

Each new XMax Inc. common share is priced at $3.575 in the private placement with StratoCore Solutions Ltd. At this price, selling 1,958,000 shares results in an aggregate purchase price of $6,999,850 under the March 30, 2026 Securities Purchase Agreement.

How is XMax Inc. (NVFY)’s share sale treated under U.S. securities laws?

The share sale is an unregistered offering relying on Regulation S under the Securities Act of 1933. Regulation S allows offerings made outside the United States without SEC registration, typically subject to certain resale limitations and eligibility conditions for buyers and transactions.

Which SEC items describe XMax Inc. (NVFY)’s private placement details?

The private placement is described under Item 1.01, Entry into a Material Definitive Agreement, which outlines the Securities Purchase Agreement terms. Item 3.02, Unregistered Sales of Equity Securities, incorporates that disclosure by reference to address the unregistered nature of the share issuance.

Filing Exhibits & Attachments

4 documents