XMax flags Nasdaq noncompliance over discounted share issuances exceeding 20% threshold

• Nasdaq flagged XMax for non-compliance with Listing Rule 5635(d) tied to discounted private placements exceeding the 20% issuance threshold.
• The issue stems from a December 2025 issuance of 1,187,500 shares at $4.21, below the $6.02 prior-day closing price.
• Nasdaq also cited discounted issuances in March and April 2026; the aggregated issuance exceeded 20% without prior shareholder approval.
• A compliance plan is due by Oct. 26, 2026; Nasdaq can grant up to 180 days from Sept. 10, 2026 to cure.
• The notice does not immediately affect Nasdaq trading; shares continue to trade under XMAX during the compliance period.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. XMax Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-042760), on September 15, 2026, and is solely responsible for the information contained therein.