XMax Inc. Announces a US$5.60 Million Investment in a Fund That Holds Interest in SpaceX Shares
Rhea-AI Summary
XMax (NASDAQ: XWIN) announced on November 26, 2025 that its indirectly wholly owned subsidiary invested approximately US$5.60 million to subscribe to a 99.82% interest in Preamble Capital I, a series of CGF2021 LLC.
On November 24, 2025, Preamble Capital I completed acquisition of a 39.7% interest in a fund that holds 55,629 Class A and 3,781 Class C shares of Space Exploration Technologies Corp. (SpaceX).
Positive
- US$5.60 million investment by XMax subsidiary
- Subscribed 99.82% interest in Preamble Capital I
- Preamble holds interest in fund owning 55,629 Class A SpaceX shares
- Preamble holds interest in fund owning 3,781 Class C SpaceX shares
Negative
- Exposure is indirect via a fund interest, not direct SpaceX ownership
News Market Reaction
On the day this news was published, XWIN gained 1.28%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 26 | SpaceX-linked investment | Neutral | +1.3% | Disclosed ~US$5.60M investment gaining 99.82% interest in SpaceX-linked fund. |
| Nov 24 | Convertible financing | Neutral | +3.9% | Announced US$5M convertible note providing liquidity with potential share issuance. |
Recent financing and investment announcements were followed by modest positive next-day price moves.
Over late November 2025, XMax reported two capital-related developments. On November 18, 2025, the company issued a US$5,000,000 convertible promissory note at 6% interest, convertible at US$7.80 per share, which saw a 3.91% next-day move after news on November 24. On November 26, 2025, XMax disclosed an approximately US$5.60 million investment for a 99.82% interest in an entity linked to SpaceX shares, with a subsequent 1.28% price reaction. The current article reflects that same SpaceX-related investment event.
Market Pulse Summary
This announcement details XMax’s deployment of approximately US$5.60 million to obtain a 99.82% stake in Preamble Capital I, which in turn holds a 39.7% interest in a fund owning SpaceX shares. Combined with the recent US$5,000,000 convertible note financing, it underscores an active capital allocation phase. Investors may monitor how this SpaceX-linked exposure, financing structure, and any further transactions affect risk concentration and future corporate flexibility.
AI-generated analysis. Not financial advice.
LOS ANGELES, Nov. 26, 2025 (GLOBE NEWSWIRE) -- XMax Inc., a Nevada corporation (“XMax” or the “Company”) (NASDAQ: XWIN) today announced that the Company, through its indirectly wholly owned subsidiary, has invested approximately US
About XMax Inc.
Headquartered in Commerce, California, XMax Inc., formerly known as Nova LifeStyle Inc., is a well-established distributor of contemporary styled residential and commercial furniture. The Company monitors popular trends and products to create design elements integrated into product lines for both stand-alone and whole-room furnishing solutions. Through its global network of retailers, e-commerce platforms, and hospitality providers, Nova LifeStyle serves customers worldwide with high-quality furniture products.
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, including, among others, our ability to fully resume our operations and remain financially healthy, our expected future growth prospects. 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 forward-looking 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 terms. 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 us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances.
Investor Relations Contact
ICR LLC.
FAQ
What did XMax (XWIN) announce on November 26, 2025?
How much of Preamble Capital I did XMax subscribe for and when?
What SpaceX holdings are linked to XMax's investment (XWIN)?
Did XMax acquire SpaceX shares directly through this transaction?
When was the fund transaction involving SpaceX shares completed?
What is the ticker symbol for the company that made the investment?
