Welcome to our dedicated page for Nova Lifestyle SEC filings (Ticker: NVFY), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The NVFY SEC filings page aggregates regulatory documents for Nova LifeStyle, Inc., a Nevada corporation that has amended its Articles of Incorporation to change its name to XMax Inc. These filings, drawn from the SEC’s EDGAR system, document key corporate actions, capital structure changes, governance updates, and financing arrangements that affect holders of NVFY shares.
Recent Form 8-K reports provide detailed information on material events. One filing describes shareholder approval of amendments to increase the number of authorized shares of common stock and to change the company’s name from “Nova LifeStyle, Inc.” to “XMax Inc.” Another 8-K outlines a Securities Purchase Agreement for a registered direct offering of common stock under an effective shelf registration statement on Form S-3, specifying the number of shares, purchase price, and aggregate gross proceeds.
Additional 8-K filings under both the Nova LifeStyle and XMax names explain subscription agreements entered into by indirectly wholly owned subsidiaries, such as Xmax Alpha Holdings Ltd. and Xmax Beta Holdings Ltd., to acquire majority interests in funds that invest in Space Exploration Technologies Corp. (SpaceX) and in a fund holding Series B preferred stock of X.AI Corp. These filings describe subscription amounts, ownership percentages, and the intended use of the invested capital by the underlying funds.
Another Form 8-K details a Convertible Promissory Note Purchase Agreement between XMax Inc. and an institutional purchaser, including the principal amount, interest rate, maturity, and the conversion price at which outstanding principal and interest may be converted into shares of common stock pursuant to Regulation S. Separate 8-Ks also report changes in board composition and executive roles, such as resignations and appointments of officers and directors, along with statements that certain resignations were not due to disagreements with the company.
Through these SEC filings, users can review how NVFY’s issuer has managed its authorized share capital, name change, equity offerings, fund investments, and debt financing instruments, as well as formal governance decisions recorded by the board and shareholders.
Nova LifeStyle, Inc. (Nasdaq: NVFY) filed Amendment No. 2 to its Form S-1, seeking to raise up to $9 million through a “reasonable best-efforts” equity offering. The company will sell up to 5.86 million shares of common stock—priced at 50 % of the bid price on the day before closing (illustrative price $1.535)—together with 11.73 million five-year warrants exercisable at 120 % of the final share price (illustrative $1.84). Shares and warrants are issued separately but must be purchased together.
- Gross proceeds: $9.0 m; net to company ≈ $8.37 m after 7 % placement fee and estimated costs.
- Placement agent: American Trust Investment Services, Inc.; no firm commitment—capital may not be fully raised.
- Shares outstanding would rise from 13.77 m to 17.59 m (not including warrant exercises).
- Use of proceeds: working capital, marketing, short-term debt repayment and capital expenditures.
- Escrow: investor funds held by CSC Delaware Trust until closing or termination.
The furniture designer/marketer remains a smaller reporting company; recent tariffs on Chinese imports, listing-compliance risk, dilution, lack of a warrant trading market and economic cyclicality are cited as key risks. Stockholders approved discounts of up to 50 % for stock and 40 % for warrant-covered shares on May 22 2025.