{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-026544","form_type":"8-K","ticker":"XWIN","cik":"0001473334","company_name":"XMax Inc.","filed_at":"2025-09-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.058763+00:00","generated_at":"2026-05-17T08:16:50.690037+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Nova Lifestyle closes $9M best-efforts public offering of stock and warrants","bullets":["Gross proceeds of ~$9.0M from sale of 9.84M shares and 19.67M warrants at $0.915/unit.","Each warrant exercisable at $1.098 (120% of offering price), expires 5 years from issuance.","Net proceeds ~$8.15M for working capital, marketing, debt repayment, and capex.","Placement agent: American Trust Investment Services; 7% cash fee plus 1% expense allowance and $150k out-of-pocket.","Officers, directors, and company subject to 90-day lock-up on further securities sales."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-026544","json":"https://secwatch.observer/filing/0001641172-25-026544.json","markdown":"https://secwatch.observer/filing/0001641172-25-026544.md","text":"https://secwatch.observer/filing/0001641172-25-026544.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1473334/000164117225026544/0001641172-25-026544-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1473334/000164117225026544/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T08:16:50.690037+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}