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XMax Inc.
XMAX Inc. renewed its employment agreement with Chief Operating Officer Yizhou (Steven) Zhao on October 7, 2026, for a one-year term. Under the terms of the agreement, Zhao will receive an annual salary of $159,000 and is eligible for an annual cash bonus at the discretion of the Board.…more
XMax Inc.
XMax Inc. has entered into a definitive agreement to acquire Hexa Creation Inc., a developer of 1200V vertical GaN power semiconductor technology for AI data center infrastructure, for a total purchase price of $4,123,711.34. The payment will be made in two tranches, with the final deferred consideration due by December 31, 2027, upon which Hexa Creation will become a wholly owned subsidiary of XMax.…more
XMax Inc.
XMax Inc. will hold a special meeting of stockholders on November 2, 2026, to ratify previous common stock issuances and approve the issuance of more than 20% of its outstanding common stock in private placement and registered direct offerings at prices below the Nasdaq Minimum Price. These proposals are required to comply with Nasdaq Listing Rule 5635(d) regarding significant share issuances.…more
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XMax to Acquire Hexa Creation for AI Data Center Power Tech
XMax has entered into a definitive agreement to acquire Hexa Creation, a company specializing in gallium nitride (GaN) power semiconductor technology for AI data centers. Financial terms of the acquisition were not disclosed and will be filed in a future SEC report.…more
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XMax AI has signed a non-binding letter of cooperation with Korea's apM Group to develop fashion-specific AI models and explore a joint venture. This remains an early-stage partnership without confirmed financial terms or definitive business plans.…more
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XMax has signed a non-binding letter of cooperation with apM Group to develop industry-specific AI models for the fashion sector. The agreement is currently in the strategic intent phase, with no definitive commercial terms or financial impact disclosed.…more
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