XMAX — Who's Buying and Selling (13F)

XMax Inc.’s Cayman subsidiary, Xmax Beta Holdings Ltd., signed a subscription agreement on July 17, 2026 to put an additional $8.32 million into Preamble X Capital I, bumping its ownership to over 99.9%. That same day, Preamble X Capital I used $8 million of that to buy roughly a 48% stake in a private fund that plans to invest almost all its assets in shares of Figure AI Inc., an AI company. Both steps were completed by July 22.

XMax Inc.’s subsidiary Xmax Beta Holdings Ltd. entered into a material definitive agreement on July 6, 2026. The agreement is attached as Exhibit 10.1 to the 8-K. The filing also lists Item 2.01, which is labeled “Completion of Acquisition or Disposition of Assets,” but no additional details are provided in the excerpt.

On July 1, 2026, XMax Inc. entered into a private placement agreement to sell shares of its common stock to investors, subject to a lock-up period. The company disclosed this in an 8-K filing, also noting the unregistered sale of equity securities.

XMax Inc. filed an 8-K on July 1, 2026, reporting a material definitive agreement and a management change under Item 5.02. The filing references Item 5.02 for details but does not disclose any specific terms or personnel changes. This is a routine disclosure typically associated with executive compensation or board changes.