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AI brief of an SEC Form 8-K · XMax Inc. (XMAX)

XMax signs five-year AI computing agreement with total charges of about $122.5 million

Neutral Impact 4 of 5 product/contract Written later

XMax entered into a five-year GPU computing services agreement with DSH Hyper Pte. Ltd., which will supply dedicated capacity sourced from kt cloud in Korea, with service starting October 29, 2026. Total scheduled charges are about $122.5 million, but the long-term commitment depends on board approval and delivery of security by November 17, 2026, and the company's press release projects more than $100 million in cumulative revenue from related businesses over five years.

Key points

  • Initial configuration of 60 NVIDIA B300 nodes (480 GPUs) and 300 TB of storage, expanding to 64 nodes (512 GPUs) and 560 TB; expansion components become billable only after acceptance testing.
  • Total scheduled charges of about KRW 162.3 billion (about US$122.5 million) over a 60-month term ending October 28, 2031, excluding taxes.
  • First payment of about US$2.1 million is due November 6, 2026 as a non-refundable setup fee; if closing conditions are not met, it is the company's sole liability.
  • Company must provide a standby letter of credit of about US$8.2 million and a corporate guarantee to KT, subject to board approval and delivery by November 17, 2026.

The filing

CompanyXMax Inc. (XMAX)
Form8-K, current report
Filed with the SECNov 2, 2026, 8:15 AM ET
Accession number0001493152-26-049569

Items reported: 1.01 Material Definitive Agreement8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 02, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.