{"id":913333,"date":"2025-11-24T16:55:39","date_gmt":"2025-11-24T21:55:39","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/xmax-inc-announces-us5-million-convertible-note-financing\/"},"modified":"2025-11-24T16:55:39","modified_gmt":"2025-11-24T21:55:39","slug":"xmax-inc-announces-us5-million-convertible-note-financing","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/xmax-inc-announces-us5-million-convertible-note-financing\/","title":{"rendered":"XMax Inc. Announces US$5 Million Convertible Note Financing"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">LOS ANGELES, Nov.  24, 2025  (GLOBE NEWSWIRE) &#8212; XMax Inc., a Nevada corporation (\u201cXMax\u201d or the \u201cCompany\u201d) (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.<\/p>\n<p align=\"justify\">The note matures 36 months after funding, bears interest at 6% per annum, and is convertible at the holder\u2019s option into shares of the Company\u2019s common stock at a price of US$7.80 per share at any time prior to repayment in full.<\/p>\n<p align=\"justify\">The note was issued in a transaction exempt from registration under Regulation S under the U.S. Securities Act of 1933, as amended.<\/p>\n<p align=\"justify\">\n        <strong>About XMax Inc.<\/strong>\n      <\/p>\n<p align=\"justify\">Headquartered in Commerce, California, XMax Inc., formerly known as Nova LifeStyle Inc., is a well-established distributor of contemporary styled residential and commercial furniture. The Company monitors popular trends and products to create design elements integrated into product lines for both stand-alone and whole-room furnishing solutions. Through its relationship with a global network of retailers, e-commerce platforms, and hospitality providers, the Company serves customers worldwide with high-quality furniture products.<\/p>\n<p align=\"justify\">\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p align=\"justify\">This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, among others, our ability to fully resume our operations and remain financially healthy, our expected future growth prospects. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. In some cases, forward-looking statements can be identified by the use of forward-looking terms such as \u201canticipate,\u201d \u201cestimate,\u201d \u201cbelieve,\u201d \u201ccontinue,\u201d \u201ccould,\u201d \u201cintend,\u201d \u201cmay,\u201d \u201cplan,\u201d \u201cpotential,\u201d \u201cpredict,\u201d \u201cshould,\u201d \u201cwill,\u201d \u201cexpect,\u201d \u201cobjective,\u201d \u201cprojection,\u201d \u201cforecast,\u201d \u201cgoal,\u201d \u201cguidance,\u201d \u201coutlook,\u201d \u201ceffort,\u201d \u201ctarget,\u201d \u201ctrajectory,\u201d \u201cfocus,\u201d \u201cwork to,\u201d \u201cattempt,\u201d \u201cpursue,\u201d or the negative of these terms or other comparable terms. However, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances.<\/p>\n<p align=\"justify\">\n        <strong>Investor Relations Contact<\/strong>\n      <\/p>\n<p align=\"justify\">ICR LLC.<\/p>\n<p align=\"justify\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=bxOcGLiS_iAgkDrpMXvRjocNnWqPRcyiN_qqZUrgMGTa6OFCB_DcZBrVpR0Qps_5Tx23QGjEhczzf6FgIyEXBNnTLaYC19S_Iy0ZDTZ6Rzo=\" rel=\"nofollow\" target=\"_blank\">XMaxIR@icrinc.com<\/a>\n      <\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTU5MTU3MiM3MjkwNzc5IzIwMjAyMDM=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/Y2JkOTAxODEtZDY0Yi00OTFkLWJlNTItOGRjZjkzM2NiOTMwLTEwMzE3NzUtMjAyNS0xMS0yNC1lbg==\/tiny\/Nova-Lifestyle-Inc.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>LOS ANGELES, Nov. 24, 2025 (GLOBE NEWSWIRE) &#8212; XMax Inc., a Nevada corporation (\u201cXMax\u201d or the \u201cCompany\u201d) (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 holder\u2019s option into shares of the Company\u2019s common stock at a price of US$7.80 per share at any time prior to repayment in full. The note was issued in a transaction exempt from registration under Regulation S under the U.S. Securities Act of 1933, as amended. About &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/xmax-inc-announces-us5-million-convertible-note-financing\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;XMax Inc. Announces US$5 Million Convertible Note Financing&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-913333","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>XMax Inc. Announces US$5 Million Convertible Note Financing - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/xmax-inc-announces-us5-million-convertible-note-financing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"XMax Inc. Announces US$5 Million Convertible Note Financing - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"LOS ANGELES, Nov. 24, 2025 (GLOBE NEWSWIRE) &#8212; XMax Inc., a Nevada corporation (\u201cXMax\u201d or the \u201cCompany\u201d) (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 holder\u2019s option into shares of the Company\u2019s common stock at a price of US$7.80 per share at any time prior to repayment in full. The note was issued in a transaction exempt from registration under Regulation S under the U.S. Securities Act of 1933, as amended. About &hellip; Continue reading &quot;XMax Inc. 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