XMax Inc. Announces a US$5.60 Million Investment in a Fund That Holds Interest in SpaceX Shares
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.
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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
Details
News Market Reaction – XWIN
On Nov 28, the first trading day after this news, XWIN closed 1.28% above the previous close.
Data tracked by StockTitan Argus for the Nov 28 session.
Key Figures
- Investment amount
- US$5.60 million
- Capital invested by indirectly wholly owned subsidiary
- Interest acquired
- 99.82%
- Stake in Preamble Capital I, a series of CGF2021 LLC
- Fund stake
- 39.7%
- Interest in fund holding SpaceX shares
- SpaceX Class A shares
- 55,629 shares
- Held by underlying fund
- SpaceX Class C shares
- 3,781 shares
- Held by underlying fund
- Completion date
- November 24, 2025
- Preamble Capital I acquisition of fund interest
- Announcement date
- November 26, 2025
- XMax disclosure of investment
- Convertible note size
- US$5,000,000
- Financing announced November 24, 2025 (historical event)
Historical Context
-
Disclosed ~US$5.60M investment gaining 99.82% interest in SpaceX-linked fund.
-
Announced US$5M convertible note providing liquidity with potential share issuance.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. 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.
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