8-K
filed September 6, 2023, 7:59 PM ET
ticker XWIN
CIK 0001473334
other material
confidence high
sentiment neutral
materiality 0.55
Nova LifeStyle increases authorized common shares from 3M to 250M; approves 2023 Omnibus Equity Plan
XMax Inc.
- Authorized common shares increased from 3,000,000 to 250,000,000 effective September 5, 2023.
- Amendment approved by Board on June 28, 2023 and shareholders on August 31, 2023.
- Shareholders approved 2023 Omnibus Equity Plan with 485,540 votes for, 30,513 against.
- Discretionary authority to adjourn special meeting also approved by shareholders.
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.: Increased authorized common stock from 3,000,000 to 250,000,000 shares (effective 2023-09-05).
- Change
- charter amendment
- Effective
- 2023-09-05
Exact text from the filing
On September 5, 2023, Nova LifeStyle, Inc., a Nevada corporation (the “Company”) filed the Certificate of Change (the “Amendment”) with the Secretary of State for the State of Nevada to amend its Articles of Incorporation to increase the amount of authorized shares of its common stock, par value $0.001 per share, from 3,000,000 to 250,000,000.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
XMax Inc. shareholders approved Approval and adoption of the Nova LifeStyle, Inc. 2023 Omnibus Equity Plan at the 2023-08-31 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2023-08-31
Exact text from the filing
Proposal 2: Approval and adoption of the Nova LifeStyle, Inc. 2023 Omnibus Equity Plan For Against Abstain 485,540 30,513 484
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
XMax Inc. shareholders approved Approval of Amendment to Articles of Incorporation (increase authorized shares of common stock from 3,000,000 to 250,000,000) at the 2023-08-31 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-08-31
Exact text from the filing
Proposal 1: Approval of Amendment to Articles of Incorporation For Against Abstain 484,339 31,736 462
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
XMax Inc. shareholders approved Approval of Grant of Discretionary Authority to Chairperson of the Board to adjourn the Meeting at the 2023-08-31 meeting.
- Outcome
- passed
- Meeting
- 2023-08-31
Exact text from the filing
Proposal 3: Approval of Grant of Discretionary Authority to Chairperson of the Board For Against Abstain 484,473 31,469 595
View on SEC.gov
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