XMax Inc. has entered into a new financing agreement with Billiongold Holding Limited, a company based in Hong Kong. Under the terms of the Convertible Promissory Note Purchase Agreement signed on November 18, 2025, XMax Inc. issued a $5 million convertible promissory note to Billiongold Holding Limited. The note carries an annual interest rate of 6% and will mature 36 months after the purchase price is paid. The noteholder has the option to convert any outstanding principal and interest into XMax Inc. common stock at a conversion price of $7.80 per share prior to repayment. The transaction was conducted under an exemption from registration pursuant to Regulation S of the Securities Act of 1933.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. XMax Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-25-024637), on November 21, 2025, and is solely responsible for the information contained therein.