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XMAX Inc. received a notification letter from Nasdaq on September 10, 2026, indicating non-compliance with Listing…
NVFYXMax Inc.
XMAX Inc. received a notification letter from Nasdaq on September 10, 2026, indicating non-compliance with Listing Rule 5635(d) due to the issuance of common stock at prices below the Minimum Price without prior shareholder approval. The company issued 1,187,500 shares in December 2025 and additional shares in March and April 2026, aggregating to more than 20% of outstanding shares. Nasdaq has granted a 45-day compliance period until October 26, 2026, with potential for an extension up to 180 days if a plan is accepted. The company intends to submit a compliance plan and will continue trading on Nasdaq under the symbol XMAX during this period. This filing highlights significant regulatory risk regarding capital raising procedures.