Nova LifeStyle completes 1-for-5 reverse stock split, reduces authorized shares to 3M

XMax Inc.

Board approved reverse split on May 6, 2023; filed Certificate of Change with Nevada Secretary of State on May 22, 2023.
Every 5 existing shares consolidated into 1 share; fractional shareholders receive 1 whole share.
Authorized shares reduced from 15,000,000 to 3,000,000; par value unchanged at $0.001.
Stock begins trading on split-adjusted basis on Nasdaq on May 24, 2023 under symbol NVFY; new CUSIP 66979P300.
Proportionate adjustments to outstanding stock options and warrants exercise prices and shares under incentive plans.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

XMax Inc.: Reverse stock split at 1:5 ratio and reduction of authorized shares from 15,000,000 to 3,000,000 via Certificate of Change filed with Nevada Secretary of State (effective 2023-05-22).

Change: charter amendment
Effective: 2023-05-22

Exact text from the filing

On May 22, 2023, the Company filed a Certificate of Change Pursuant to NRS 78.209 with the Nevada Secretary of State to effect the Reverse Stock Split, which became effective upon filing.

View on SEC.gov

83 governance changes filed in the last 30 days. Browse all governance changes →

XMax Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-018684

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.