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 $1.098 (120% of offering price) and expiring in five years. The offering is expected to close around September 4, 2025. The company plans to use proceeds for working capital, marketing, debt repayment, and capital expenditures. American Trust Investment Services is serving as the exclusive placement agent.
Nova LifeStyle (NASDAQ: NVFY), azienda statunitense che progetta e commercializza mobili, ha comunicato il prezzo di un collocamento pubblico a migliori sforzi da 8,71 milioni di dollari. L鈥檕fferta comprende fino a 9.522.393 azioni ordinarie al prezzo di 0,915$ per azione e 19.044.786 warrant.
Ogni azione 猫 accompagnata da due warrant, esercitabili immediatamente a 1,098$ (pari al 120% del prezzo dell鈥檕fferta) e con scadenza a cinque anni. La chiusura dell鈥檕fferta 猫 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 猫 l鈥檃gente di collocamento esclusivo.
Nova LifeStyle (NASDAQ: NVFY), una empresa estadounidense de dise帽o y comercializaci贸n de mobiliario, anunci贸 el precio de una oferta p煤blica de mejores esfuerzos por 8,71 millones de d贸lares. La oferta incluye hasta 9.522.393 acciones ordinarias a 0,915$ por acci贸n, junto con 19.044.786 warrants.
Cada acci贸n viene con dos warrants, ejercitables de inmediato a 1,098$ (el 120% del precio de la oferta) y con vencimiento a cinco a帽os. Se espera que la operaci贸n cierre alrededor del 4 de septiembre de 2025. La compa帽铆a destinar谩 los fondos a capital de trabajo, marketing, pago de deudas y gastos de capital. American Trust Investment Services act煤a como colocador exclusivo.
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Nova LifeStyle (NASDAQ: NVFY), concepteur et commercialisateur de mobilier bas茅 aux 脡tats-Unis, a annonc茅 le prix d鈥檜ne offre publique en best-efforts de 8,71 millions de dollars. L鈥檕ffre comprend jusqu鈥櫭� 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, exer莽ables imm茅diatement au prix de 1,098$ (120 % du prix de l鈥檕ffre) et expirant dans cinq ans. La cl么ture est pr茅vue aux alentours du 4 septembre 2025. La soci茅t茅 pr茅voit d鈥檃ffecter les produits 脿 la tr茅sorerie d鈥檈xploitation, au marketing, au remboursement de dettes et aux d茅penses d鈥檌nvestissement. American Trust Investment Services agit en tant que colocateur exclusif.
Nova LifeStyle (NASDAQ: NVFY), ein US-amerikanischer M枚belhersteller und -vermarkter, hat die Preisfestsetzung f眉r ein Best-Efforts-Emission in H枚he 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 geh枚ren zwei Warrants, die sofort zu einem Aus眉bungspreis von 1,098$ (120 % des Angebotskurses) ausge眉bt werden k枚nnen und eine Laufzeit von f眉nf Jahren haben. Der Abschluss der Transaktion wird voraussichtlich um den 4. September 2025 erfolgen. Die Erl枚se sollen f眉r Betriebskapital, Marketing, Schuldenr眉ckzahlung 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) (鈥淣ova LifeStyle鈥� or the 鈥淐ompany鈥�), 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 鈥淐ommon Stock鈥�) and up to 19,044,786 warrants (the 鈥淲arrants鈥�) 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鈥檚 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鈥檚 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 鈥淪EC鈥�) on聽August 27, 2025. A final prospectus relating to the offering will be filed with the SEC and will be available on the SEC鈥檚 website at . 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 AG真人官方, Suite 200, San Clemente, California 92672, by telephone at (949) 347-5222 or by email at .
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鈥檚 product lines include the Nova Brands and Diamond Sofa (www.diamondsofa.com). Nova鈥檚 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鈥檚 website at .
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 鈥渁nticipate,鈥� 鈥渆stimate,鈥� 鈥渂elieve,鈥� 鈥渃ontinue,鈥� 鈥渃ould,鈥� 鈥渋ntend,鈥� 鈥渕ay,鈥� 鈥減lan,鈥� 鈥減otential,鈥� 鈥減redict,鈥� 鈥渟hould,鈥� 鈥渆xpect,鈥� 鈥渙bjective,鈥� 鈥減rojection,鈥� 鈥渇orecast,鈥� 鈥済oal,鈥� 鈥�guidance,鈥� 鈥渙utlook,鈥� 鈥渆ffort,鈥� 鈥渢arget,鈥� 鈥渢rajectory,鈥� 鈥渇ocus,鈥� 鈥渨ork to,鈥� 鈥渁ttempt,鈥� 鈥減ursue,鈥� 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
[email protected]
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FAQ
What is the size and price of Nova LifeStyle's (NVFY) public offering in September 2025?
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What are the terms of the warrants in Nova LifeStyle's (NVFY) September 2025 offering?
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