{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-018684","form_type":"8-K","ticker":"XWIN","cik":"0001473334","company_name":"XMax Inc.","filed_at":"2023-05-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.970100+00:00","generated_at":"2026-06-14T17:15:48.776207+00:00","sec_items":["3.03","5.03","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Nova LifeStyle completes 1-for-5 reverse stock split, reduces authorized shares to 3M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-018684","json":"https://secwatch.observer/filing/0001493152-23-018684.json","markdown":"https://secwatch.observer/filing/0001493152-23-018684.md","text":"https://secwatch.observer/filing/0001493152-23-018684.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1473334/000149315223018684/0001493152-23-018684-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1473334/000149315223018684/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T17:15:48.776207+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8574b5f4f30686b144148e16fe59aaee98087d2d","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1473334/000149315223018684/0001493152-23-018684-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-05-22"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}