Core Insights - American Trust Investment Services, Inc. (ATIS) acted as the exclusive placement agent for Nova LifeStyle, Inc. in a follow-on public offering, raising gross proceeds of $9 million through the sale of 9,836,054 shares and 19,672,108 warrants priced at $0.915 each [1][2] Group 1: Transaction Details - The offering included each share of common stock issued with two five-year warrants, exercisable at $1.098, which is 120% of the public offering price [2] - The net proceeds from the offering will be utilized for working capital, marketing initiatives, repayment of certain short-term debt, and general corporate purposes [3] Group 2: Company Background - Nova LifeStyle is a U.S.-based designer and marketer of modern lifestyle furniture, operating under brands such as Nova Brands and Diamond Sofa [3] - ATIS is recognized for its strategic approach in providing customized capital markets solutions to high-growth companies, with a focus on small and mid-cap markets [4][5]