Entry into a Material Definitive Agreement · Unregistered Sales of Equity Securities
Item 1.01 Entry into a Material Definitive Agreement On July 1, 2026, XMax Inc. (the “ Company ”) entered into Securities Purchase Agreements (the “ Agreements ”) with certain non-U.S.…
Nova LifeStyle, Inc. (“Nova LifeStyle” or the “Company”) is a U.S.-headquartered innovative designer and marketer of contemporary styled residential and commercial furniture formerly known as Stevens Resources, Inc. We were incorporated in the State of Nevada on September 9, 2009. The Company’s products are marketed through wholesale and retail channels as well as various online platforms worldwide.
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Item 1.01Item 1.01 - Entry into Material Agreement
Item
1.01 Entry into a Material Definitive Agreement
On
July 1, 2026, XMax Inc. (the “ Company ”) entered into Securities Purchase Agreements (the “ Agreements ”)
with certain non-U.S. investors identified on the signature pages thereto (the “ Purchasers ”), pursuant to which the
Company agreed to sell to the Purchasers in a private placement for a total of 434,600 shares (the “ Shares ”)
of the Company’s common stock, par value $0.001 per share (the “ Common Stock ”), at a purchase price of $8.454
per share for an aggregate offering price of $3,674,108.40 (the “ Private Placement ”). In addition, without
the prior written consent of the Company, the Purchasers shall not, during the period commencing on the date of the Agreements and ending
18 months after such date (the “ Lock-Up ”) offer, pledge, sell, contract to sell, grant, lend, or otherwise transfer
or dispose of, directly or indirectly, any Shares or any securities convertible into or exercisable or exchangeable for Shares, with
respect to which such Purchaser has the power of disposition. The Private Placement will be completed pursuant to the exemption from
registration provided by Regulation S promulgated under the Securities Act of 1933, as amended.
The
form of the Agreements is filed as Exhibits 10.1 to this Current Report on Form 8-K. The foregoing summary of the terms of the Agreements
is subject to, and qualified in its entirety by the Agreements, the form of which is incorporated herein by reference.
Item 3.02Item 3.02 - Unregistered Sales of Equity
Item
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.