Nova LifeStyle, Inc. Announces Pricing of $8.71 Million Best-Efforts Public Offering
Nova LifeStyle (NASDAQ: NVFY), a U.S.-based furniture designer and marketer, has announced the pricing of a $8.71 million best-efforts public offering. The offering includes up to 9,522,393 shares of common stock priced at $0.915 per share, along with 19,044,786 warrants.
Each share comes with two warrants, exercisable immediately at $1.098 (120% of offering price) and expiring in five years. The offering is expected to close around September 4, 2025. The company plans to use proceeds for working capital, marketing, debt repayment, and capital expenditures. American Trust Investment Services is serving as the exclusive placement agent.
Nova LifeStyle (NASDAQ: NVFY), azienda statunitense che progetta e commercializza mobili, ha comunicato il prezzo di un collocamento pubblico a migliori sforzi da 8,71 milioni di dollari. L’offerta comprende fino a 9.522.393 azioni ordinarie al prezzo di 0,915$ per azione e 19.044.786 warrant.
Ogni azione è accompagnata da due warrant, esercitabili immediatamente a 1,098$ (pari al 120% del prezzo dell’offerta) e con scadenza a cinque anni. La chiusura dell’offerta è prevista intorno al 4 settembre 2025. I proventi saranno impiegati per capitale circolante, marketing, rimborsi di debiti e investimenti in immobilizzazioni. American Trust Investment Services è l’agente di collocamento esclusivo.
Nova LifeStyle (NASDAQ: NVFY), una empresa estadounidense de diseño y comercialización de mobiliario, anunció el precio de una oferta pública de mejores esfuerzos por 8,71 millones de dólares. La oferta incluye hasta 9.522.393 acciones ordinarias a 0,915$ por acción, junto con 19.044.786 warrants.
Cada acción viene con dos warrants, ejercitables de inmediato a 1,098$ (el 120% del precio de la oferta) y con vencimiento a cinco años. Se espera que la operación cierre alrededor del 4 de septiembre de 2025. La compañía destinará los fondos a capital de trabajo, marketing, pago de deudas y gastos de capital. American Trust Investment Services actúa como colocador exclusivo.
Nova LifeStyle (NASDAQ: NVFY), 미국 소재 가구 설계·판매 기업이 870만 1,000달러 규모의 베스트 이펙트 공모 가격을 발표했습니다. 이번 공모에는 최대 9,522,393주의 보통주(주당 0.915달러)와 19,044,786건의 워런트가 포함됩니다.
각 주식에는 두 건의 워런트가 따라오며, 즉시 행사 가능하고 행사가는 1.098달러(공모가의 120%)이며 만기는 5년입니다. 공모는 2025년 9월 4일 전후로 마감될 예정입니다. 회사는 수익금을 운전자본, 마케팅, 부채 상환 및 자본적지출에 사용할 계획입니다. American Trust Investment Services가 단독 배치 주관사로 참여합니다.
Nova LifeStyle (NASDAQ: NVFY), concepteur et commercialisateur de mobilier basé aux États-Unis, a annoncé le prix d’une offre publique en best-efforts de 8,71 millions de dollars. L’offre comprend jusqu’à 9 522 393 actions ordinaires au prix de 0,915$ par action, ainsi que 19 044 786 bons de souscription (warrants).
Chaque action est assortie de deux warrants, exerçables immédiatement au prix de 1,098$ (120 % du prix de l’offre) et expirant dans cinq ans. La clôture est prévue aux alentours du 4 septembre 2025. La société prévoit d’affecter les produits à la trésorerie d’exploitation, au marketing, au remboursement de dettes et aux dépenses d’investissement. American Trust Investment Services agit en tant que colocateur exclusif.
Nova LifeStyle (NASDAQ: NVFY), ein US-amerikanischer Möbelhersteller und -vermarkter, hat die Preisfestsetzung für ein Best-Efforts-Emission in Höhe von 8,71 Millionen US-Dollar bekanntgegeben. Das Angebot umfasst bis zu 9.522.393 Stammaktien zum Preis von 0,915$ pro Aktie sowie 19.044.786 Warrants.
Zu jeder Aktie gehören zwei Warrants, die sofort zu einem Ausübungspreis von 1,098$ (120 % des Angebotskurses) ausgeübt werden können und eine Laufzeit von fünf Jahren haben. Der Abschluss der Transaktion wird voraussichtlich um den 4. September 2025 erfolgen. Die Erlöse sollen für Betriebskapital, Marketing, Schuldenrückzahlung und Sachinvestitionen verwendet werden. American Trust Investment Services fungiert als alleiniger Platzierungsagent.
- Potential gross proceeds of $8.71 million to strengthen company's financial position
- Warrants provide additional future funding potential if exercised
- Proceeds will support multiple business needs including marketing and debt repayment
- Significant dilution for existing shareholders
- Offering price of $0.915 may indicate weak market position
- Additional dilution possible if warrants are exercised
Insights
Nova LifeStyle's $8.71M offering will significantly dilute existing shareholders while providing needed working capital at a challenging valuation.
Nova LifeStyle has priced a
The warrant structure is particularly notable - with each share coming with two warrants exercisable at only a
Most revealing is the stated use of proceeds, which includes "working capital" and "repayment of short-term debt" as primary purposes. This suggests Nova LifeStyle is facing liquidity challenges and needs this capital to maintain operations rather than for growth initiatives, though they do mention marketing and capital expenditures.
The "best-efforts" designation (rather than a firm commitment offering) indicates the placement agent isn't guaranteeing the full amount will be raised, suggesting potential hesitancy from institutional investors. With the closing dependent on "pending subscriptions," there's uncertainty whether the full
For a NASDAQ-listed furniture company to raise capital at these terms signals significant financial pressure and suggests challenging fundamentals that investors should carefully evaluate.
LOS ANGELES, Sept. 03, 2025 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ: NVFY) (“Nova LifeStyle” or the “Company”), a U.S.-headquartered innovative designer and marketer of contemporary styled furniture, today announced the pricing of its best-efforts public offering of up to 9,522,393 shares of common stock (the “Common Stock”) and up to 19,044,786 warrants (the “Warrants”) to purchase Common Stock (including shares of Common Stock underlying warrants) at a public offering price of
The offering is expected to close on or about September 4, 2025, subject to the satisfaction of customary closing conditions. Gross proceeds to the Company, before deducting placement agent’s fees and other offering expenses, are expected to be approximately
American Trust Investment Services, Inc. is acting as exclusive placement agent to use its reasonable best efforts to solicit offers to purchase the Company’s securities in this offering.
The securities above are being offered pursuant to a registration statement on Form S-1, as amended, (File No. 333-287559) which was declared effective by the Securities and Exchange Commission (the “SEC”) on August 27, 2025. A final prospectus relating to the offering will be filed with the SEC and will be available on the SEC’s website at http://www.sec.gov. The offering is being made only by means of a prospectus forming part of the effective registration statement. Electronic copies of the prospectus relating to this offering, when available, may also be obtained from American Trust Investment Services, Inc., 910 S. El Camino Real, Suite 200, San Clemente, California 92672, by telephone at (949) 347-5222 or by email at IB@amtruinvest.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
About Nova LifeStyle
Nova LifeStyle, Inc. is a well-established, innovative designer and distributor of modern lifestyle furniture; primarily sofas, dining room furniture, cabinets, office furniture and related components, bedroom furniture and various accessories, in matching collections. Nova LifeStyle’s product lines include the Nova Brands and Diamond Sofa (www.diamondsofa.com). Nova’s products feature urban contemporary styles that integrate comfort and functionality, incorporating upscale luxury designs which appeal to middle and upper middle-income consumers in the USA, China, Southeast Asia, South America, and elsewhere in the world. Visit Nova LifeStyle’s website at www.NovaLifeStyle.com.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, among others, our ability to fully resume our operations and remain financially healthy, our expected future growth prospects. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. In some cases, forward-looking statements can be identified by the use of forward-looking terms such as “anticipate,” “estimate,” “believe,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict,” “should,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target,” “trajectory,” “focus,” “work to,” “attempt,” “pursue,” or the negative of these terms or other comparable terms. However, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances.
Investor Relations Contact
Andrew Barwicki
516-662-9461
andrew@barwicki.com
ir@novalifestyle.com
FAQ
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