secwatch.observer — SEC 8-K summary
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Issuer:     XMax Inc. (XWIN)
CIK:        0001473334
Form:       8-K
Filed at:   2023-11-22T23:59:59+00:00
Accession:  0001493152-23-042507
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nova LifeStyle acquires AI IT system for $675K; pays with 270K shares
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1473334/000149315223042507/0001493152-23-042507-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1473334/000149315223042507/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-042507

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