8-K - Nova LifeStyle, Inc. | StockGist

AI Analysis

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Nova LifeStyle, Inc. entered into a Securities Purchase Agreement to sell 1,958,000 shares of common stock to StratoCore Solutions Ltd. in a private placement for approximately $7.0 million.

Key Takeaways

1The company agreed to sell 1,958,000 shares of common stock at $3.575 per share for total proceeds of $6,999,850.

2The private placement is being conducted with StratoCore Solutions Ltd., a Malaysian company, under Regulation S exemption.

3The purchase price represents a 50% discount to the Nasdaq closing price on the trading day immediately preceding the agreement date.

4The offering is unregistered and relies on exemptions from registration under Section 4(a)(2) and Regulation S of the Securities Act.

5Proceeds will be wired to the company within 10 business days, with shares delivered to the purchaser within 30 business days of the agreement.

Current Report Details

Event Type

Material Agreement

Securities Issuance

Disclosure

Mandatory

Variant

8-K

Items Reported

1.01

Entry into a Material Definitive Agreement** On March 30, 2026, XMax Inc. (the “ Company ”) entered into a Securities Purchase Agreement (the “ Agreement ”) wit

Material Agreement

$3.58$7.0M

Source Document

3.02

Unregistered Sales of Equity Securities** Please see the disclosure set forth under Item 1.01, which is incorporated by reference into this Item 3.02. **Item 9.

Securities Issuance

Transaction Details

Material Agreement

Agreement: Securities Purchase Agreement
Parties: XMax Inc., StratoCore Solutions Ltd.

•Effective Date: March 30, 2026
•Shares: 1,958,000 shares of common stock
•Purchase Price: $3.575 per share
•Aggregate Proceeds: $6,999,850
•Exemption: Regulation S and Section 4(a)(2)

Exhibits (2)

10.1

EX-10.1

8-K