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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. reports that its wholly owned subsidiary, Nova Furniture Limited, closed the purchase of a 99.815% interest in Preamble Capital, a series of CGF2021 LLC, for $5,664,500.05. This gives the company effective exposure to assets held by that investment vehicle.
Shortly after, Preamble Capital entered into a Subscription Agreement with a fund that owns an aggregate of 353,772 shares of Space Exploration Technologies Corp. (“SpaceX”), consisting of 121,805 shares of Class A common stock and 231,967 shares of Class C common stock. Under this agreement, Preamble Capital subscribed to approximately 6.667% of that fund for $5,660,000.05, and the transaction closed on September 29, 2025. The company plans to file required financial statements and pro forma financial information for the acquired business or fund in a later amendment.
Nova LifeStyle, Inc., through its wholly owned subsidiary Nova Furniture Limited, entered into a material definitive Subscription Agreement with Preamble Capital, A Series of CGF2021 LLC.
Under this agreement, Nova Furniture Limited is subscribing for a 99.815% interest in the Fund by contributing $5,664,500.05, becoming a member of the Fund with an applicable management fee percentage of 0%. The Fund will use this amount to subscribe for approximately 6.667% of another fund that holds an aggregate of 353,772 shares of Space Exploration Technologies Corp. common stock, consisting of 121,805 shares of Class A Common Stock and 231,967 shares of Class C Common Stock.
Nova LifeStyle, Inc. reported that its Board of Directors increased its size from five to six members and appointed Wen Tao, age 35, as the new director to fill the additional seat. The Board also named her to the Audit Committee, the Nominating and Corporate Governance Committee, and the Compensation Committee, giving her a broad governance role.
Wen Tao brings institutional sales and brokerage experience from roles at Alpha Trade Pty Ltd., Saxo Bank A/S, and Invast Financial Services, along with business and finance education from the University of Sydney. Under a Director Agreement dated September 23, 2025, she will receive $1,880 per month plus expenses and is subject to customary confidentiality and non-disclosure obligations.
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.
Nova Lifestyle, Inc. (NVFY) discloses terms of a public offering and resulting pro forma capitalization. The offering price is stated as $0.064 per share with placement agent commissions of $629,999, producing proceeds before expenses of $0.851 per share and $8,369,990 in total. The company shows 250,000,000 shares authorized with 13,708,822 shares currently issued and outstanding and a pro forma share count of 23,608,876. Additional paid-in capital increases from $56,657,801 to a pro forma $64,797,955, while accumulated deficits remain ($50,620,293). Current portion of long-term loan payables is $384,941. The disclosed net tangible book value per share as of June 30, 2025 is $0.48. A group of five named 5% shareholders collectively hold 6,343,616 shares, representing 46.059% of current ownership and 26.869% pro forma.
Nova Lifestyle, Inc. (NVFY) filed a 424(b)(4) prospectus offering approximately 9,522,393 shares at $0.915 per share, with estimated net proceeds of $7.79 million after placement agent discounts. The placement agent commission disclosed is $609,909 and gross proceeds before expenses are shown as $8,103,081. The offering is on a reasonable-best efforts basis with no minimum amount to be sold. Pro forma common shares increase to 23,295,215, and net tangible book value per share as of June 30, 2025 is reported as $0.48. The company discloses an accumulated deficit (~$50.6 million) and a going-concern disclosure stating substantial doubt about continued operations without additional financing. Nasdaq continued listing compliance is noted as a risk.