Nova Lifestyle, Inc. Announces Closing of $9.0 Million Best-Efforts Public Offering

Core Viewpoint - Nova LifeStyle, Inc. has successfully closed a public offering of 9,836,054 shares of common stock and 19,672,108 warrants, raising approximately $9.0 million in gross proceeds, which will be utilized for working capital, marketing, debt repayment, and capital expenditures [1][2]. Group 1: Offering Details - The public offering was priced at $0.915 per share, with each share sold together with two warrants, each exercisable at $1.098 per share [1]. - The offering closed on September 4, 2025, and the warrants will expire on the fifth anniversary of their issuance [1][2]. - The offering was conducted under a registration statement declared effective by the SEC on August 27, 2025 [4]. Group 2: Company Overview - Nova LifeStyle, Inc. is an innovative designer and distributor of modern lifestyle furniture, including sofas, dining room furniture, and office furniture, targeting middle and upper middle-income consumers [6]. - The company's product lines include the Nova Brands and Diamond Sofa, featuring urban contemporary styles that integrate comfort and functionality [6].