secwatch.observer — SEC 8-K summary
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Issuer:     XMax Inc. (XWIN)
CIK:        0001473334
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0001493152-24-015701
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Nova LifeStyle receives NASDAQ delisting notice for failing to meet stockholders' equity requirement
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- NASDAQ notice states Nova LifeStyle does not meet $2.5M stockholders' equity minimum required for continued listing.
- Company also fails alternatives: market value of listed securities ($35M) or net income from operations ($500K) in recent fiscal years.
- Company has until June 6, 2024 to submit a plan to regain compliance; NASDAQ may grant up to 180-day extension.
- If compliance plan is rejected, Company can appeal to a Hearing Panel.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1473334/000149315224015701/0001493152-24-015701-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1473334/000149315224015701/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-015701

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