Nova LifeStyle, Inc. announced the pricing of its best-efforts public offering of up to 9,522,393 shares of common stock and up to 19,044,786 warrants.
The offering price is set at $0.915 per share of Common Stock, with each share sold together with two Warrants.
Gross proceeds before deducting expenses are expected to be approximately $8.71 million, with the offering closing on or about September 4, 2025.
Offering Details
Up to 9,522,393 shares of common stock and up to 19,044,786 warrants are offered at $0.915 per share with two Warrants included.
Use of Proceeds
The net proceeds will be used for working capital, marketing expenditures, debt repayment, and capital expenditures.
Placement Agent
American Trust Investment Services, Inc. is the exclusive placement agent for the offering.
- The offering is expected to provide Nova LifeStyle with necessary funds for strategic initiatives and business expansion.
- The pricing of the offering reflects investor interest and confidence in Nova LifeStyle's future growth prospects.
Nova LifeStyle's successful pricing of the public offering indicates a positive market reception and financial opportunity for the company in pursuing its business goals.