Nova Lifestyle SEC Filings

Nova LifeStyle, Inc. entered into a Securities Purchase Agreement for a registered direct offering of 3,708,500 shares of common stock at $3.78 per share, delivering aggregate gross proceeds of $14,018,130 before expenses.

The shares will be issued off the company’s effective Form S-3 shelf registration statement (File No. 333-274970). This transaction provides primary capital to the company through a direct sale to identified purchasers under the agreement.

Nova LifeStyle, Inc. is offering 3,708,500 shares of common stock at $3.78 per share, for $14,018,130 in gross proceeds, under a prospectus supplement pursuant to a securities purchase agreement. The shares are expected to be delivered on or about October 15, 2025, subject to certain conditions.

Net proceeds are estimated at about $14 million after offering expenses and will be used for working capital and general corporate purposes. Shares outstanding were 37,572,522 before the offering and are expected to be 41,281,052 after. The company reports pro forma net tangible book value of $1.18 per share after the offering, implying $2.60 per-share dilution for new investors at the offering price. The offering is a direct sale by the company with no underwriter, and estimated offering expenses are approximately $20,000.

Nova LifeStyle, Inc. filed an 8-K reporting that the company entered into an employment agreement with Yizhou (Steven) Zhao dated October 7, 2025. The filing identifies the agreement as Exhibit 10.1 and is signed on the company’s behalf by Xiaohua Lu, Chief Executive Officer. The document lists the company’s common stock on Nasdaq under the symbol NVFY.

The filing provides the existence and date of the employment agreement but does not disclose any material economic terms, specific duties, term length, compensation, equity awards, or termination provisions in the text provided. Because those contract details are not included here, investors cannot assess the financial impact or governance implications from this filing alone.

Nova Lifestyle, Inc. (NVFY) provided a proxy excerpt showing beneficial ownership for directors and executive officers and a board recommendation on a proposed amendment. The filing lists individual holdings including Min Su: 18,900 shares, Charlie Huy La: 485 shares, and Steven Qiang Liu: 400,614 shares (reported as 1.17%). Collectively, the eight directors and executive officers hold 431,856 shares, equal to 1.26% of outstanding shares. The board, through the signatory Xiaohua Lu (Chief Executive Officer and Director), has unanimously recommended that stockholders vote “FOR” the proposed Share Increase Amendment to the company’s Articles of Incorporation.

Nova Lifestyle, Inc. directors and named executive officers disclosed their equity holdings and the board provided a unanimous recommendation on a governance proposal. The filing lists individual holdings including Thanh H. Lam, Xiaohua Lu (CEO), Jeffery Chuang, Min Su (18,900 shares), Charlie Huy La (485 shares), and Steven Qiang Liu (400,614 shares). The directors and executive officers as a group hold 431,856 shares, representing 1.26% of the company. The board has approved and unanimously recommends that stockholders vote FOR the proposed Share Increase Amendment to the Articles of Incorporation. The recommendation is signed by Xiaohua Lu, Chief Executive Officer and Director.

Nova Lifestyle, Inc. agreed to sell, in a best-efforts public offering, an aggregate of 9,836,054 shares of common stock and 19,672,108 warrants exercisable into an equal number of shares. Each share is paired with two warrants (each warrant exercisable for one share). The combined purchase price for one share plus its two warrants is $0.915. The transaction structure increases the company’s outstanding common shares and potential dilution if warrants are exercised. The filing references a closing press release announcing the offering.