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

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$5.60 million to subscribe 99.82% interest in Preamble Capital I, A Series of CGF2021 LLC. On November 24, 2025, Preamble Capital I completed the acquisition of 39.7% interest in a certain fund which holds 55,629 shares of Class A Common Stock and 3,781 shares of Class C Common Stock of Space Exploration Technologies Corp., a Texas corporation ("SpaceX").

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.

XMaxIR@icrinc.com

FAQ

What did XMax (XWIN) announce on November 26, 2025?

XMax said its subsidiary invested approximately US$5.60 million to subscribe to 99.82% interest in Preamble Capital I.

How much of Preamble Capital I did XMax subscribe for and when?

XMax subscribed approximately 99.82% interest in Preamble Capital I; the announcement was dated November 26, 2025.

What SpaceX holdings are linked to XMax's investment (XWIN)?

Preamble Capital I acquired a 39.7% interest in a fund that holds 55,629 Class A and 3,781 Class C SpaceX shares.

Did XMax acquire SpaceX shares directly through this transaction?

No; XMax’s exposure is via a subscription to Preamble Capital I, which holds an interest in a fund owning SpaceX shares.

When was the fund transaction involving SpaceX shares completed?

The acquisition by Preamble Capital I of the 39.7% interest in the fund was completed on November 24, 2025.

What is the ticker symbol for the company that made the investment?

The company is XMax, listed as NASDAQ: XWIN.