---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-052718"
form_type: "8-K"
ticker: "XWIN"
cik: "0001473334"
company_name: "XMax Inc."
filed_at: "2024-12-31T23:59:59+00:00"
generated_at: "2026-05-28T21:45:24.108686+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Nova LifeStyle receives Nasdaq non-compliance notice for bid price below $1.00

## Summary
- Nasdaq notified the Company on Dec 27, 2024 that bid price was below $1.00 for 30 consecutive trading days.
- The Company has 180 calendar days, until June 25, 2025, to regain compliance with the Minimum Bid Price Requirement.
- Compliance can be achieved if bid price closes at or above $1.00 for 10 consecutive business days within the period.
- If not cured, the Company may be eligible for an additional 180-day period, subject to meeting other listing standards and possibly a reverse stock split.
- The Company intends to monitor its bid price and consider all available options to regain compliance.

## SEC filing metadata
- accession: 0001493152-24-052718
- form_type: 8-K
- ticker: XWIN
- cik: 0001473334
- company_name: XMax Inc.
- filed_at: 2024-12-31T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1473334/000149315224052718/0001493152-24-052718-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1473334/000149315224052718/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-052718
- JSON: https://secwatch.observer/filing/0001493152-24-052718.json
- Plain text: https://secwatch.observer/filing/0001493152-24-052718.txt

## Key facts
- Listing & Compliance Notices
  XMax Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: minimum bid price
  - Rules: 5550(a)(2), 5810(c)(3)(A)
  source text: December 27, 2024, Nova LifeStyle, Inc. (the “Company”) received a letter from the Nasdaq Stock Market (“Nasdaq”) notifying the Company that, because the closing bid price for the Company’s common stock listed on Nasdaq was below $1.00 for 30 consecutive trading days, the Company no longer meets the minimum bid price requirement for continued listing on Nasdaq under Nasdaq Marketplace Rule 5550(a)(2), which requires a minimum bid price of $1.00 per share (the “Minimum Bid Price Requirement”). The notification has no immediate effect on the listing of the Company’s common stock. In accordance w
  evidence_url: https://www.sec.gov/Archives/edgar/data/1473334/000149315224052718/0001493152-24-052718-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.