StocksMedium•3 November 2026•
1 min read
XMax Board Authorizes $30 Million Share Repurchase Program
Key Facts
1XMax Inc. announced that its Board of Directors has authorized a share repurchase program for up to $30 million of its common stock.
XMax Inc. announced that its Board of Directors has authorized a share repurchase program for up to $30 million of its common stock. Benzinga reported that the authorization follows a recent $100 million AI infrastructure deal, aimed at optimizing the company's capital structure and returning value to shareholders.
The company plans to execute the repurchases through open-market transactions after the public release of its financial results for the quarter ended September 30, 2026. XMax, formerly known as Nova LifeStyle, has recently expanded its operations into artificial intelligence software and platform-based services alongside its furniture distribution business.