secwatch.observer — SEC 8-K summary
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Issuer:     XMax Inc. (XWIN)
CIK:        0001473334
Form:       8-K
Filed at:   2024-10-11T23:59:59+00:00
Accession:  0001493152-24-040961
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nova LifeStyle issues 3.32M shares for $4.6M inventory; regains Nasdaq equity compliance
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- Five purchase orders for furniture products totaling $4,600,000 paid via 3,321,429 shares at $1.40/share.
- Sellers include Iconic Tech, Onefull Technologies, Skyvip, United Poles, and Teclutions.
- Nasdaq granted extension to Oct 14, 2024; company believes transaction restores $2.5M equity requirement.
- Shares are restricted under Regulation S and cannot be resold during required holding period.
- Company warns continued compliance subject to Nasdaq monitoring; delisting risk remains if not sustained.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1473334/000149315224040961/0001493152-24-040961-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1473334/000149315224040961/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-040961

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