XMax Inc. Enters Agreement to Buy 561,426 Aerora Shares for $12.0M

What Happened

• XMax Inc. filed an 8-K reporting that on August 10, 2026 it entered into a Securities Purchase Agreement with Cobalt Pacific Holdings Ltd. (the Seller) and Aerora Technology Co., Ltd. under which XMax will purchase 561,426 Ordinary Shares of Aerora for an aggregate price of US$12,003,287.95 (approximately US$21.38 per share). The Agreement is filed as Exhibit 10.1 to the Form 8-K.
• The filing also notes related activity involving Preamble X Capital I: an indirectly wholly owned Cayman Islands subsidiary of XMax previously contributed US$8,770,000 to Preamble X Capital I (disclosed in XMax’s July 10, 2026 Form 8-K). On August 10, 2026, Preamble X Capital I subscribed for roughly 5% interests in a private investment fund for US$8,400,000; that Fund intends to invest substantially all investable assets in shares of Figure AI Inc.

Key Details

• Purchase agreement date: August 10, 2026.
• Shares to be purchased: 561,426 Ordinary Shares of Aerora Technology Co., Ltd.
• Aggregate purchase price: US$12,003,287.95 (≈ US$21.38 per share).
• Related fund activity: Preamble X Capital I subscribed ~5% of a private fund for US$8.4M; earlier contribution of US$8.77M by a XMax subsidiary was previously disclosed.

Why It Matters

• This 8-K reports a material definitive agreement for a multi‑million dollar purchase of Aerora shares; investors should note the Company is taking a significant equity position that will affect its investment portfolio and may affect future financial statements.
• The filing does not disclose the funding source for the Aerora purchase or the percentage ownership in Aerora post-transaction; the full Securities Purchase Agreement (Exhibit 10.1) should be reviewed for terms, closing conditions and any rights attached to the shares.
• Also relevant is XMax’s related activity with Preamble X Capital I and the Fund that plans to invest in Figure AI Inc., which could affect the company’s investment exposure.