XMAX XMax Inc.
XMAX stock: dilution, delisting risk — what the SEC filings say, updated every weekday morning.
What the filings say Pressure ▼
The exchange has started a clock; the company must cure or appeal or it will be delisted.
Radar 68 (elevated attention) · dilution pressure elevated · listing risk high · governance risk low · runway n/a · strongest signal: Exchange deficiency notice (Sep 15, 2026)
Direction is stated for existing shareholders (▼ more shares / survival or listing risk; ▲ insiders or holders buying). It is a characterization of the filings, not a forecast or a recommendation.
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68 Radar · attention score (0–100)
54 Dilution pressure · financing + balance sheet
85 Listing risk · exchange standards
22 Governance risk · reporting, auditor, going concern
Analyst note No note yet. Notes are written each morning for the top-ranked setups; Pro subscribers get them in full the same day.
Pro on XMAX Alerts One email the morning XMAX files anything that matches your rules (types, minimum score, setups).
12-month history Every signal and setup for XMAX back a year, not just 30 days — see how the current setup built.
Full analyst notes What we noticed, evidence with links, what could prove us wrong, red-team caveats.
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Balance sheet (XBRL) n/a cash + short-term investments
n/a estimated runway (no OCF data)
n/a stockholders' equity
$13.3M public float (10-K cover)
n/a shares outstanding
Runway = liquidity ÷ monthly operating burn at the latest reported period. A financing after the balance-sheet date is the main reason a figure can be stale — check the timeline below for offerings since then.
Signal timeline Last 30 days of filing signals plus current balance-sheet flags, newest first. ▼ pressure · ▲ support · hover a score for its components; every row links to the filing.
Date Signal Evidence Score Sep 15, 2026 ▼ Exchange deficiency notice
8-K Item 3.01 filed 2026-09-15 (accepted 16:45 ET) filing
60 Sep 15, 2026 ▼ Hearings panel
“hearings panel” language in 8-K (8-K) filed 2026-09-15 filing
58 Sep 15, 2026 ▼ Delisting language
“delisting notice” language in 8-K (8-K) filed 2026-09-15 filing
46 Sep 3, 2026 ▼ PIPE
“pipe” language in 8-K (EX-10.1) filed 2026-09-03 filing
38 Sep 3, 2026 ▼ Unregistered sale
8-K Item 3.02 filed 2026-09-03 (accepted 16:45 ET) filing
32 Aug 25, 2026 · Officer/director change
8-K Item 5.02 filed 2026-08-25 (accepted 16:30 ET) filing
22
Quiet Alpha Automated SEC-filing intelligence for US microcaps. Updated every weekday morning from SEC EDGAR · last run 2026-09-18.
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Quiet Alpha is an automated financial research publication. It is not investment advice, not a recommendation to buy or sell any security, and not personalized to any reader. Data are derived from public SEC filings and may contain errors; verify against the source documents linked in each item. Quiet Alpha accepts no compensation from issuers. Microcap securities are illiquid and can lose most or all of their value.