XMax Inc. Added to Russell 3000® Index

XMax (NASDAQ:XMAX) announced its inclusion in the Russell 3000 Index following the 2026 annual reconstitution.

Rhea-AI Summary

XMax (NASDAQ:XMAX) announced its inclusion in the Russell 3000 Index following the 2026 annual reconstitution. Membership became effective after market close on June 26, 2026.

The company, which operates in AI infrastructure and furniture distribution, views the addition as supporting its strategic transformation and visibility among investors.

Positive

• Added to Russell 3000 Index effective June 26, 2026
• Index represents about 98% of the investable U.S. equity market
• Approximately $10.6 trillion in assets benchmarked to Russell U.S. indexes
• Management links inclusion to efforts to strengthen financial position and strategic transformation

Negative

• None.

Argus Jun 29 session

+1.82% close to close Open Argus

Details

News Market Reaction – XMAX

On Jun 29, the day this news came out, XMAX closed 1.82% above the previous close.

Data tracked by StockTitan Argus for the Jun 29 session.

Key Figures

Russell 3000 size: 3,000 companies Market coverage: 98% of U.S. equity market Assets benchmarked: $10.6 trillion +4 more

Russell 3000 size

3,000 companies

Constituents in Russell 3000 Index

Market coverage

98% of U.S. equity market

Portion of investable U.S. equity market represented by Russell 3000

Assets benchmarked

$10.6 trillion

Assets benchmarked against Russell U.S. indexes per FTSE Russell

Proposed share issuance

100,000,000 shares

Each of a private placement and a registered direct offering per PRE 14A

Shares outstanding

63,602,326 shares

Common shares outstanding as of May 27, 2026 (PRE 14A)

Issuance threshold

Exceeds 20% of outstanding

Each proposal permits issuance above Nasdaq’s 20% threshold

Maximum discount

Up to 50%

Potential discount to closing price before agreement in proposed offerings

Key Terms

russell 3000 index, russell u.s. indexes, private placement, registered direct offering, +2 more

6 terms

russell 3000 index financial

"it has been included in the Russell 3000® Index as part of the 2026 annual"

A broad stock market index that tracks the performance of the roughly 3,000 largest publicly traded U.S. companies by total market value, representing almost the entire U.S. equity market. Investors use it like a big basket or thermometer: it provides a simple snapshot of overall U.S. stock market health, serves as a benchmark for funds and portfolios, and helps measure diversification, risk and returns over time.

russell u.s. indexes financial

"The Russell U.S. Indexes are widely used by investment managers and institutional"

A family of U.S. stock market benchmarks that groups publicly traded companies by size and tracks their combined performance. Think of them as league tables that sort companies into tiers (large, mid, small) and measure how each tier is doing; investors use these indexes to compare fund performance, build passive funds or ETFs, and gauge which part of the market is strengthening or weakening.

private placement financial

"to approve two related proposals to permit the company to issue up to 100,000,000 shares of common stock in each of (1) a private placement and"

A private placement is a sale of securities directly to a selected group of investors, typically institutions or accredited investors, instead of through a public offering. It lets a company raise money faster and with fewer regulatory steps; for existing shareholders it matters because the newly issued shares, often sold at a discount, increase the share count and can dilute their ownership.

registered direct offering financial

"shares of common stock in each of (1) a private placement and (2) a registered direct offering under an effective Form S-3"

A registered direct offering is a way for a company to sell new shares of its stock directly to select investors with regulatory approval. This method allows the company to raise funds quickly and efficiently without needing a public auction, similar to offering exclusive access to a limited number of buyers. For investors, it often provides an opportunity to purchase shares at a favorable price, while giving the company immediate access to capital.

form s-3 regulatory

"a registered direct offering under an effective Form S-3 (Registration No. 333-295406)"

Form S-3 is a legal document companies use to register their stock sales with the government, making it easier and faster for them to raise money by selling shares to investors. It’s like having a pre-approved shopping list that lets a company quickly sell new shares when they need funds, without going through a lengthy approval process each time.

minimum price financial

"at prices that may be below Nasdaq’s defined “Minimum Price.”"

The minimum price is the lowest allowable or acceptable price at which a security, share offering, product, or sale can be bought or sold. Think of it like the smallest tag on a store item that the seller will accept; for investors it sets a floor for entry or sale, affects potential returns and liquidity, and can influence demand by limiting purchases below that level.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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LOS ANGELES, June 29, 2026 (GLOBE NEWSWIRE) -- XMax Inc. (NASDAQ: XMAX; “XMax” or the “Company”), an artificial intelligence infrastructure provider and a distributor of contemporary-styled residential and commercial furniture, today announced that it has been included in the Russell 3000^® Index as part of the 2026 annual reconstitution.

The Russell 3000 Index measures the performance of the largest 3,000 U.S. companies, representing approximately 98% of the investable U.S. equity market. The index membership became effective after the market close on June 26, 2026.

“We are pleased to be included in the Russell 3000 Index,” said Xiaohua Lu, Chief Executive Officer of XMax Inc. “This recognition reflects our continued efforts to strengthen our financial position, execute our strategic transformation, and increase awareness of XMax within the investment community. As we expand into artificial intelligence through XMax AI Inc. while maintaining our furniture business, we believe we are well positioned to drive long-term growth and shareholder value.”

The Russell U.S. Indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to FTSE Russell, approximately $10.6 trillion in assets are benchmarked against Russell U.S. indexes.

About XMax Inc.

Headquartered in Commerce, California, XMax Inc. (NASDAQ: XMAX) is a diversified company focused on building and operating next-generation AI infrastructure while continuing to operate its legacy contemporary furniture business. Through its wholly owned subsidiary, XMax AI Inc., the company operates a globally distributed AI Agent infrastructure based on a Token factory model. Its AI platform currently offers Model-as-a-Service (MaaS) and GPU-as-a-Service (GPUaaS), providing scalable computing and model access solutions to meet the growing demand for AI applications and enterprise deployment. The Company also operates an established furniture business through a global network of suppliers, distributors, and e-commerce channels. By leveraging its expanding AI infrastructure alongside its existing operations, XMax seeks to drive sustainable growth, diversify its revenue base, and create long-term shareholder value.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements.

In some cases, forward-looking statements can be identified by the use of terms such as “anticipate,” “estimate,” “believe,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict,” “should,” “will,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target,” “trajectory,” “focus,” “work to,” “attempt,” “pursue,” or the negative of these terms or other comparable terminology. However, the absence of these words does not mean that the statements are not forward-looking.

These forward-looking statements are based on certain assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors it believes are appropriate in the circumstances.

Investor Relations Contact
ICR LLC.
XMaxIR@icrinc.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did XMax (NASDAQ:XMAX) announce about the Russell 3000 Index on June 29, 2026?

XMax announced its inclusion in the Russell 3000 Index, effective after market close on June 26, 2026. According to XMax, this follows the 2026 annual reconstitution and aligns with its ongoing strategic and financial transformation.

When did XMax’s inclusion in the Russell 3000 Index become effective?

XMax’s Russell 3000 Index membership became effective after the market close on June 26, 2026. According to XMax, this timing reflects its addition during the 2026 annual reconstitution of the Russell U.S. indexes.

What does inclusion in the Russell 3000 Index mean for XMax (XMAX) shareholders?

Inclusion places XMax among the largest 3,000 U.S. companies, covering about 98% of the investable market. According to XMax, the company expects increased awareness within the investment community as it advances its strategic transformation.

What businesses does XMax operate as it joins the Russell 3000 Index?

XMax operates as an artificial intelligence infrastructure provider and a distributor of residential and commercial furniture. According to XMax, it is expanding into AI through XMax AI while maintaining its furniture business to pursue long-term growth.

How large are the assets benchmarked to the Russell U.S. indexes that include the Russell 3000?

Approximately $10.6 trillion in assets are benchmarked against Russell U.S. indexes. According to FTSE Russell, these indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active strategies.

How does XMax describe the significance of joining the Russell 3000 Index?

XMax’s CEO describes the inclusion as recognition of efforts to strengthen its financial position and strategic transformation. According to XMax, the company believes it is positioned to pursue long-term growth and shareholder value while expanding in artificial intelligence.