XMAX stock: XMax agrees to acquire Hexa Creation for AI power infrastructure

Published on 10/24/2026 at 02:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

XMax signed a Hexa Creation deal on October 9, 2026 for 1200V GaN technology. November 2 brings a vote on two USD 85.0 million XMAX stock offerings.

Financing and expansion plans

XMax announced a Hexa Creation acquisition on October 9, 2026, covering 100.00 percent of the target.
Two proposed offerings could raise USD 85.0 million each and issue 15,000,000 shares per offering.
XMax shareholders are scheduled to vote on the financing proposals on November 2, 2026.

XMAX, US66979P3001, Illustration mit AI erstellt.

XMax Inc. (ISIN US66979P3001) agreed on October 9, 2026 to acquire 100.00 percent of Hexa Creation, extending its artificial-intelligence strategy into 1200V gallium-nitride power technology for data-center infrastructure. The transaction was reported in a GlobeNewswire release carried by Yahoo Finance.

1200V technology broadens the strategy

Hexa Creation is developing a vertical GaN trench MOSFET for high-voltage and high-power applications. The technology targets AI power infrastructure, electric vehicles, energy storage and ultra-fast charging, giving XMax a route beyond its established furniture distribution and AI software activities.

The acquisition also changes the company story from software and platform services toward hardware linked to AI infrastructure. The release described the transaction as a diversification step, while commercialization and the eventual scale of the technology remain tied to development and customer adoption.

What does the financing mean?

XMax shareholders are being asked to approve two proposed common-stock financings, each capped at USD 85.0 million and 15,000,000 shares. The proxy statement says each offering could be priced at a discount of up to 50.00 percent to the Nasdaq minimum price, making dilution and funding terms central issues for shareholders.

Three dated company developments

On August 14, 2026, XMax reported second-quarter revenue of USD 2.737 million and non-GAAP earnings per share of USD 0.53, compared with USD 2.556 million and a loss of USD 0.02 per share in the second quarter of 2025, according to Benzinga. On October 7, 2026, the company renewed COO Yizhou Steven Zhao's employment agreement for one year at an annual salary of USD 159,000, as reported by StockTitan. On October 9, 2026, XMax announced the Hexa Creation acquisition in a Form 8-K filing covering a material definitive agreement, according to the SEC.

Two dates shape the next phase

The special shareholder meeting is scheduled for November 2, 2026, at 2:30 p.m. local time. The proxy statement also records 64,875,626 shares outstanding as of the record date, adding a concrete scale reference to the proposed issuance. A results date of November 13, 2026 is listed for the next quarterly update.

Expansion brings execution questions

XMax now combines a furniture business, AI software activities and a proposed power-semiconductor platform. The 1200V specification gives the acquisition a defined technical angle, while the USD 85.0 million financing ceiling and 15,000,000-share limit show how capital allocation may shape the next stage.

Primary trading is on Nasdaq under ticker XMAX, and the company is classified in the Consumer Cyclical sector and Furnishings, Fixtures and Appliances industry. Market context: Market report S&P 500.

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