---
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"
generated_at: "2026-05-17T08:16:50.690037+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Nova Lifestyle closes $9M best-efforts public offering of stock and warrants

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-026544
- JSON: https://secwatch.observer/filing/0001641172-25-026544.json
- Plain text: https://secwatch.observer/filing/0001641172-25-026544.txt

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