Appointed
Xiaohua Lu
Chief Executive Officer
XWIN ·
XMax Inc.
On April 21, 2025, the Board appointed Mr. Xiaohua Lu as the Chief Executive Officer of the Company.
Ready 8-Ks
50
Latest filing
July 10, 2026, 4:30 PM ET
Top materiality
0.80
Event mix
other_material ×31 · leadership ×9 · m_and_a ×3
Sentiment
4 pos · 4 neg · 42 neu
Executive change
recent →
Recent 8-K filings for XWIN
Highest-materiality recent filing
Nova LifeStyle receives Nasdaq non-compliance notice for bid price below $1.00
- 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.
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Xmax Beta Holdings Ltd. subscribed an additional $8,770,000 in Preamble X Capital I, raising its ownership to over 99.9%.
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XMax raises $3.7M via private placement of 434,600 shares at $8.454/share
Sold 434,600 shares of common stock at $8.454 per share for aggregate proceeds of $3,674,108.
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XMax Inc. increases salaries for CEO, COO, and CFO effective July 1, 2026
CEO Xiaohua Lu salary raised from $80,000 to $160,000 per year.
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XMax shareholders elect six directors, ratify auditor, approve non-binding say-on-pay
Six director nominees elected; each received >12.3M votes for (broker non-votes ~5.8M).
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XMax raises $3.6M via private placement of 486,500 shares at $7.347/share
Sold 486,500 shares of common stock at $7.347 per share; aggregate proceeds of $3,574,315.50.
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XMax board approves amended code of ethics with technical, non-substantive changes
Amended Code of Business Conduct and Ethics effective April 30, 2026.
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XMax raises $31.1M via private placement of 8.55M shares at $3.64 each (50% discount)
Sold 8,550,000 shares at $3.64/share (50% of April 23 close) for $31,122,000 to six non-U.S. investors.
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XMax subsidiary signs $4.8M/month cloud & AI services agreement with SuperX AI
XMax AI Inc., subsidiary of XMax Inc., entered cloud services agreement with SuperX AI Technology USA on April 22, 2026.
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XMax Renews CEO Xiaohua Lu's Employment for One Year at $80,000 Salary
CEO Xiaohua Lu's employment agreement renewed for a one-year term starting April 21, 2026.
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Xmax Beta Holdings, a wholly owned subsidiary of XMax Inc., subscribed $5,450,000 in Preamble X Capital I, increasing its interest to >99.9%.
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XMax raises $3.1M via private placement of 462,500 shares at $6.705/share
Company sold 462,500 shares to 22 non-U.S. investors at $6.705/sh for ~$3.1M.
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XMax enters $400K AI platform agreement with Cloud Alliance for AWS deployment
Total fixed fee $400,000; $200,000 non-refundable mobilization due within 3 business days.
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XMax Inc. raises $7M via discounted private placement; 60-month lock-up
Private placement of 1,958,000 shares at $3.575/share (50% of prior close) for aggregate $6,999,850.
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XMax Inc. board approves strategic expansion into AI, plans new tech business lines
Will enter AI software/hardware, cloud/GPU compute, AI model orchestration, and enterprise AI agents.
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XMax raises $35.96M via registered direct offering of 8.5M shares at $4.23/share
8,500,000 shares sold at $4.23 per share, aggregate gross proceeds of $35,955,000.
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XMax subsidiary invests $3.05M in fund holding xAI Series B Preferred Stock
Xmax Beta Holdings subscribed $3,048,774 to increase its interest in Preamble X Capital I to ~99.9%.
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XMax Inc. lends $5.3M to Joycheer Trade Limited at 6% interest, one-year term
Loan of $5.3 million to Hong Kong-based Joycheer Trade Limited at 6% annual interest.
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XMax appoints Matthew Beck to board; Charlie Huy La resigns immediately
Matthew Beck appointed as independent director effective Jan 5, 2026; receives $1,880/month plus expenses.
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XMax raises $5.0M in registered direct offering of 1.19M shares at $4.21/share
Sold 1,187,500 shares at $4.21 per share for aggregate gross proceeds of $4,999,375.
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XMax subsidiary invests $5.4M in fund to acquire xAI shares; prior $3M xAI investment closed
Xmax Beta Holdings, a wholly owned XMax Inc. subsidiary, subscribed $5,375,000 to Preamble X Capital I, increasing its interest to ~99.9%.
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XMax Inc. amends 8-K to correct xAI entity name from X.AI Corp. to X.AI Holdings Corp.
Amendment corrects counterparty name in Dec 2 subscription agreement; no other changes to original report.
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XMax Inc. unit invests $8.46M in xAI via Preamble X Capital I subscription
Xmax Beta Holdings subscribed 99.88% interest in Preamble X Capital I for $8,461,428.80.
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XMax files 8-K/A clarifying SpaceX fund investment as passive, not consolidated
XMax determined its 6.667% indirect interest in a fund holding 353,772 SpaceX shares does not require consolidation under ASC 810.
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XMax Inc. completes acquisition of 39.7% interest in fund holding SpaceX shares for $5.6M
On Nov. 24, 2025, Xmax Alpha Holdings (subsidiary of XMax Inc.) completed acquisition of 39.7% interest in a fund holding SpaceX shares.
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XMax Inc. enters $5M convertible note agreement with Billiongold Holding Limited
Principal of $5,000,000, 6% annual interest, maturity 36 months from purchase price date.
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Thanh H. Lam resigns as Chairperson of XMax Inc., effective immediately
Lam remains CEO of Diamond Bar Outdoors Inc., a wholly owned subsidiary.
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Nova LifeStyle shareholders approve 20x increase in authorized shares and name change to XMax Inc.
Authorized common shares increased from 250,000,000 to 5,000,000,000; effective Nov 3, 2025.
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Nova LifeStyle subsidiary invests $5.6M in fund to acquire SpaceX common stock
Xmax Alpha Holdings Ltd., a wholly owned subsidiary of Nova LifeStyle, subscribed for a 99.82% interest in Preamble Capital I for $5,605,000.
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Nova LifeStyle raises $14M in registered direct offering of 3.7M shares at $3.78/share
Entered into Securities Purchase Agreement to sell 3,708,500 shares at $3.78 each.
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Nova LifeStyle expands board to 7, appoints COO Steven Zhao as director
Board increased from 6 to 7 members on Oct 10, 2025; Steven Zhao appointed to fill new vacancy.
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Nova LifeStyle appoints Yizhou (Steven) Zhao as COO and Corporate Secretary after Min Su resignation
Min Su resigned as Corporate Secretary effective October 7, 2025; no disagreement with company.
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Nova LifeStyle subsidiary acquires ~6.67% stake in fund holding 353,772 SpaceX shares for $5.66M
Subsidiary Nova Furniture Limited closed subscription for 99.815% of Preamble Capital for $5,664,500.05.
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Nova LifeStyle subsidiary invests $5.66M in fund holding SpaceX shares
Nova Furniture Limited subscribes 99.815% interest in Preamble Capital for $5,664,500.05.
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Nova LifeStyle expands board to six, appoints Wen Tao as director and committee member
Board expanded from 5 to 6; Wen Tao appointed effective Sept 23, 2025.
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Nova Lifestyle closes $9M best-efforts public offering of stock and warrants
Gross proceeds of ~$9.0M from sale of 9.84M shares and 19.67M warrants at $0.915/unit.
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Nova LifeStyle director Min Su resigns; CEO Xiaohua Lu appointed to board
Min (Mindy) Su resigned as director effective June 23, 2025; remains Corporate Secretary; no disagreement cited.
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Nova LifeStyle shareholders elect directors, ratify auditor, approve executive pay at annual meeting
All five director nominees elected: Min Su, Thanh H. Lam, Ming-Cherng Sky Tsai, Huy (Charlie) La, Umesh Patel (avg 6.4M votes for).
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Nova LifeStyle regains Nasdaq minimum bid price compliance
Received Nasdaq notification on May 27, 2025 that compliance with $1.00 minimum bid price rule is regained.
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Nova LifeStyle shareholders approve stock issuance at up to 50% discount
Shareholders approved issuance of common stock at up to 50% discount to prior day's closing price.
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CEO Thanh H. Lam resigns; Xiaohua Lu appointed as new CEO of Nova LifeStyle
Thanh H. Lam resigned as CEO/President effective April 21, 2025; remains director and Chairperson.
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Nova LifeStyle sells 500,000 shares at $0.40 each for $200K in private placement
Sold 500,000 shares of common stock at $0.40/share for aggregate proceeds of $200,000.
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Nova LifeStyle acquires $3.19M in furniture products via 4.9M unregistered shares at $0.65/share
Four purchase orders with Flyguy Resources, Twenty Nine Business, Chialing, and Macro IT Solutions.
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Nova LifeStyle repays $217K debt with 434K shares at $0.50 to Huge Energy
Repays $217,000 debt owed to Huge Energy International Ltd by issuing 434,000 shares of common stock.
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Nova LifeStyle raises $150K via private placement of 250K shares at $0.60
Sold 250,000 shares of common stock at $0.60 each for aggregate proceeds of $150,000.
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Nova LifeStyle sells 250K shares at $0.60 in Regulation S private placement for $150k
On Jan 6, 2025, Nova LifeStyle entered a Securities Purchase Agreement to sell 250,000 shares of common stock at $0.60 per share.
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Nova LifeStyle receives Nasdaq non-compliance notice for bid price below $1.00
Nasdaq notified the Company on Dec 27, 2024 that bid price was below $1.00 for 30 consecutive trading days.
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Nova LifeStyle sells 125,000 shares at $1.20 each for $150K in private placement
Sold 125,000 shares of common stock at $1.20/share for aggregate gross proceeds of $150,000.
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Nova LifeStyle issues 3.3M shares for $4.6M inventory; Nasdaq extension granted
Entered five purchase orders totaling $4.6M for furniture products from five sellers.
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Nova LifeStyle issues 3.32M shares for $4.6M inventory; regains Nasdaq equity compliance
Five purchase orders for furniture products totaling $4,600,000 paid via 3,321,429 shares at $1.40/share.
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Nova LifeStyle dismisses auditor WWC, engages Enrome LLP as new independent auditor
Dismissed WWC effective Sept 24, 2024; no disagreements or reportable events in fiscal years 2022-2023.
Executive changes
Departed
Thanh H. Lam
Chief Executive Officer and President
XWIN ·
XMax Inc.
On April 21, 2025, the Board of Directors (the “Board”) of Nova LifeStyle, Inc. (the “Company”) received a resignation letter from Ms. Thanh H. Lam to resign from her positions as the Chief Executive Officer (“CEO”) and President of the Company, effective immediately.
Materiality & sentiment trend
Max materiality 0.80 · Median 0.55 · Most common event other_material