{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-042507","form_type":"8-K","ticker":"XWIN","cik":"0001473334","company_name":"XMax Inc.","filed_at":"2023-11-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.172375+00:00","generated_at":"2026-06-07T22:09:07.215748+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Nova LifeStyle acquires AI IT system for $675K; pays with 270K shares","bullets":["Nova Malaysia subsidiary to purchase AI-powered IT system from Web 3.0 Sdn Bhd for $675,000.","Purchase price satisfied by issuing 270,000 shares of NVFY common stock at $2.50 per share.","Shares issued under Regulation S; restricted from resale into US for one year.","IT system covers design, customer services, sales, marketing, and inventory management."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-042507","json":"https://secwatch.observer/filing/0001493152-23-042507.json","markdown":"https://secwatch.observer/filing/0001493152-23-042507.md","text":"https://secwatch.observer/filing/0001493152-23-042507.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1473334/000149315223042507/0001493152-23-042507-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1473334/000149315223042507/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T22:09:07.215748+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":"fce51d1d3e8e56032181cd20cd2a4ff3fda8982d","claim":"XMax Inc. entered into Sale and Purchase Agreement with WEB 3.0 Sdn Bhd valued at $675,000 purchase price paid in 270,000 shares of common stock at $2.5 per share (effective 2023-11-16).","evidence_excerpt":"On November 16, 2023, Nova LifeStyle, Inc. (the \"Company\"), Nova Living (M) Sdn Bhd, a wholly owned subsidiary of the Company (\"Nova Malaysia\") and WEB 3.0 Sdn Bhd (\"Web 3.0\"), a company incorporated in Malaysia entered into a Sale and Purchase Agreement (the \"Agreement\").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1473334/000149315223042507/0001493152-23-042507-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"WEB 3.0 Sdn Bhd"},{"label":"Value","value":"$675,000 purchase price paid in 270,000 shares of common stock at $2.5 per share"},{"label":"Effective","value":"2023-11-16"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}