secwatch.observer — SEC 8-K summary
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Issuer:     XMax Inc. (XWIN)
CIK:        0001473334
Form:       8-K
Filed at:   2024-12-31T23:59:59+00:00
Accession:  0001493152-24-052718
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1473334/000149315224052718/0001493152-24-052718-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1473334/000149315224052718/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-052718

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