secwatch.observer — SEC 8-K summary
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Issuer:     XMax Inc. (XWIN)
CIK:        0001473334
Form:       8-K/A
Filed at:   2024-10-15T23:59:59+00:00
Accession:  0001493152-24-041155
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 3.02, 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nova LifeStyle issues 3.3M shares for $4.6M inventory; Nasdaq extension granted
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- Entered five purchase orders totaling $4.6M for furniture products from five sellers.
- Payment via 3,321,429 shares of common stock at $1.40 per share, issued under Regulation S.
- Nasdaq granted extension until October 14, 2024 to regain stockholders' equity compliance.
- Company believes it has regained compliance based on this transaction; Nasdaq will monitor.
- Shares are restricted and may not be sold for required holding period under Regulation S.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1473334/000149315224041155/0001493152-24-041155-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1473334/000149315224041155/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-041155

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