Nova LifeStyle (NVFY) 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 to purchase Common Stock at a public offering price of $0.915. Each share of Common Stock is being sold together with two Warrants, with each Warrant to purchase one share of Common Stock. Each Warrant is exercisable immediately with an exercise price equal to 120% of the offering price, and expires on the fifth anniversary of the issuance date, subject to certain adjustments. 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’s fees and other offering expenses, are expected to be approximately $8.71 million, subject to increase based upon receipt of pending subscriptions at closing. The Company intends to use the net proceeds of this offering for working capital, marketing expenditures, repayment of short-term debt and capital expenditures. American Trust Investment Services, Inc. is acting as exclusive placement agent to use its reasonable best efforts to solicit offers to purchase the Company’s securities in this offering.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.