XMax Inc. entered into Securities Purchase Agreements with 22 non-U.S. investors. The company is issuing 462,500 shares of common stock at a price of $6.705 per share. The total gross proceeds from this private placement amount to $3,101,062.50. The offering is being conducted under Regulation S of the Securities Act of 1933. Investors are subject to an 18-month lock-up period regarding the resale of these shares.