---
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"
generated_at: "2026-06-14T17:15:48.776207+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 3.03, 5.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-018684
- JSON: https://secwatch.observer/filing/0001493152-23-018684.json
- Plain text: https://secwatch.observer/filing/0001493152-23-018684.txt

## Key facts
- Governance Changes
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1473334/000149315223018684/0001493152-23-018684-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.