Mergers & Acquisitions ·
XMax agrees to acquire Hexa Creation for $4.12M in cash to enter high-voltage GaN semiconductor market
NVFYXMax Inc.
XMax Inc. entered into a definitive Share Purchase Agreement on October 5, 2026, to acquire 100% of Hexa Creation Inc., a developer of 1200V vertical gallium nitride (GaN) power semiconductors for AI data center infrastructure and high-voltage applications. The aggregate purchase price is $4,123,711.34, payable in two tranches: an initial net payment of approximately $1.56 million at closing and deferred consideration of approximately $2.06 million due by December 31, 2027, bearing interest. The transaction includes a change-of-control payment equal to 5% of the purchase price triggered upon closing. Completion is subject to customary conditions, including the accuracy of representations and warranties and the absence of a material adverse effect. XMax operates in the design, sourcing, and distribution of contemporary furniture and the development of artificial intelligence technologies.