secwatch.observer — SEC 8-K summary
======================================

Issuer:     XMax Inc. (XWIN)
CIK:        0001473334
Form:       8-K
Filed at:   2023-05-23T23:59:59+00:00
Accession:  0001493152-23-018684
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 3.03, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1473334/000149315223018684/0001493152-23-018684-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1473334/000149315223018684/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-018684

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer