XMax Stock Stays Close to Highs as 200 Million Shares Face Investors
XMax closed at $8.56, up 0.12%, staying near its 52-week high as it asked shareholders to approve discounted share sales tied to its AI expansion. The company’s proxy seeks authorization to issue up to 200 million new shares, potentially at prices up to 50% below market. XMax aims to fund AI software, hardware, and cloud infrastructure. Furniture peers saw little movement.