XMax issues $5 million convertible note with 6% interest rate

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Go back to XMax issues $5 million convertible note with 6% interest rate

XMax Inc. Announces US$5 Million Convertible Note Financing

November 24, 2025 4:30 PM EST

LOS ANGELES, Nov. 24, 2025 (GLOBE NEWSWIRE) -- XMax Inc., a Nevada corporation (XMax or the Company) (NASDAQ: XWIN) today announced that on November 18, 2025, it entered into a Convertible Promissory Note Purchase Agreement with Billiongold Holding Limited, pursuant to which the Company issued a convertible promissory note in the principal amount of US$5,000,000.

The note matures 36 months after funding, bears interest at 6% per annum, and is convertible at the holders option into shares of the Companys common stock at a price of... More