Los Angeles-based Nova LifeStyle, Inc. (Nasdaq: NVFY) successfully completed a public offering, generating roughly $9 million in gross proceeds. The offering involved 9,836,054 shares of common stock and 19,672,108 warrants, each share paired with two warrants.
Each warrant allows the holder to purchase one share of common stock at $1.098, 120% of the offering price. The warrants expire five years from the issuance date, subject to adjustments. American Trust Investment Services, Inc. acted as the placement agent for the offering.
The company intends to allocate the net proceeds – after deducting agent fees and expenses – to bolster working capital, increase marketing efforts, repay existing short-term debt, and fund capital expenditures. This capital infusion should benefit Nova LifeStyle’s ongoing operations and future growth.
Han Kun Law Offices LLP served as U.S. securities counsel to Nova LifeStyle, while DeMint Law, PLLC provided legal counsel to American Trust Investment Services, Inc. The offering was conducted under a registration statement filed with the Securities and Exchange Commission (SEC) and declared effective on August 27, 2025.
A final prospectus is available on the SEC website and from American Trust Investment Services, Inc. The offering was subject to standard legal restrictions, ensuring compliance with applicable securities laws.
Nova LifeStyle designs and distributes contemporary furniture, including sofas, dining room sets, cabinets, office furniture, bedroom furniture, and accessories. Their product lines include the Nova Brands and Diamond Sofa collections, targeting middle and upper-middle-income consumers globally. The company’s forward-looking statements, as outlined in the press release, address future growth prospects and operational continuity.
Investors seeking more information can contact Andrew Barwicki at 516-662-9461 or ir@novalifestyle.com.
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