Company Overview - XMax Inc. is a Nevada corporation, formerly known as Nova LifeStyle Inc., and is headquartered in Commerce, California. The company is a distributor of contemporary styled residential and commercial furniture, focusing on integrating popular trends into its product lines for both stand-alone and whole-room furnishing solutions [3]. Financial Transaction - On November 18, 2025, XMax entered into a Convertible Promissory Note Purchase Agreement with Billiongold Holding Limited, issuing a convertible promissory note with a principal amount of US$5,000,000 [1]. - The note has a maturity period of 36 months, bears an interest rate of 6% per annum, and can be converted into shares of the company's common stock at a price of US$7.80 per share prior to full repayment [2]. - The transaction was exempt from registration under Regulation S of the U.S. Securities Act of 1933, as amended [2].

Financing Details - Socket Mobile, Inc. completed a secured subordinated convertible note financing of $1,500,000 to increase working capital [1] - The notes have a three-year term, maturing on May 30, 2028, with a 10% interest rate payable quarterly in cash [2] - The principal amount of each note is convertible into shares of the Company's common stock at a conversion price of $1.07 per share [2] Participants - Key participants in the financing include the Chairman, CEO, CFO, and other board members of the Company [3] Company Overview - Socket Mobile is a provider of data capture and delivery solutions, primarily serving markets such as specialty retail, field service, digital ID, transportation, and manufacturing [5] - The Company's revenue is driven by third-party barcode-enabled mobile applications that integrate its cordless barcode scanners and contactless readers/writers [5]