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XMax Inc. Announces a US$5.60 Million Investment in a Fund That Holds Interest in SpaceX Shares
Globenewswire· 2025-11-26 21:30
Core Points - XMax Inc. has invested approximately US$5.60 million to acquire a 99.82% interest in Preamble Capital I, which recently acquired a 39.7% interest in a fund holding shares of SpaceX [1] Company Overview - XMax Inc., formerly known as Nova LifeStyle Inc., is a distributor of contemporary residential and commercial furniture, headquartered in Commerce, California [2] - The company focuses on integrating popular design trends into its product lines, serving a global customer base through various retail and e-commerce channels [2]
XMax Inc. Announces US$5 Million Convertible Note Financing
Globenewswire· 2025-11-24 21:30
Company Overview - XMax Inc. is a Nevada corporation, formerly known as Nova LifeStyle Inc., and is headquartered in Commerce, California. The company is a distributor of contemporary styled residential and commercial furniture, focusing on integrating popular trends into its product lines for both stand-alone and whole-room furnishing solutions [3]. Financial Transaction - On November 18, 2025, XMax entered into a Convertible Promissory Note Purchase Agreement with Billiongold Holding Limited, issuing a convertible promissory note with a principal amount of US$5,000,000 [1]. - The note has a maturity period of 36 months, bears an interest rate of 6% per annum, and can be converted into shares of the company's common stock at a price of US$7.80 per share prior to full repayment [2]. - The transaction was exempt from registration under Regulation S of the U.S. Securities Act of 1933, as amended [2].
XMax Inc. Reports Third Quarter 2025 Financial Results
Globenewswire· 2025-11-14 21:45
Core Viewpoint - XMax Inc. reported significant growth in net sales and a reduction in net loss for the third quarter of 2025, highlighting both challenges and opportunities in the current market environment [2][5]. Financial Performance - Net sales for the three months ended September 30, 2025, increased by 273% to $9.76 million, up from $2.62 million in the same period of 2024 [5]. - Gross profit for the same period was $0.98 million, a decrease from $1.18 million in the third quarter of 2024 [5]. - The net loss for the third quarter was $1.13 million, improved from a net loss of $2.47 million in the same period of 2024 [5]. Year-to-Date Performance - For the nine months ended September 30, 2025, net sales grew by 95% to $14.95 million, compared to $7.68 million in the same period of 2024 [5]. - Gross profit for the nine-month period was $3.47 million, slightly up from $3.39 million in the same period of 2024 [5]. - The net loss for the nine months was $1.76 million, improved from a net loss of $4.49 million in the same period of 2024 [5]. Company Overview - XMax Inc., headquartered in Commerce, California, is a distributor of contemporary styled residential and commercial furniture, focusing on integrating popular design trends into its product lines [3]. - The company serves a global customer base through a network of retailers, e-commerce platforms, and hospitality providers [3]. Strategic Developments - The successful completion of a $9.0 million public offering is noted as a commitment to exploring new opportunities and enhancing long-term shareholder value [2].
Nova LifeStyle(NVFY) - Prospectus(update)
2025-08-21 13:17
As filed with the Securities and Exchange Commission on August 21, 2025 Registration No. 333-287559 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 5 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Nova LifeStyle, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Nevada 90-0746568 (I.R.S. Employee Identification No.) 6565 E. Washington Blvd. Commerce, CA 90040 (323) 888-9999 (Ad ...
Nova LifeStyle(NVFY) - Prospectus(update)
2025-07-25 10:12
As filed with the Securities and Exchange Commission on July 24, 2025 Registration No. 333-287559 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 2 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Nova LifeStyle, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Nevada 90-0746568 (I.R.S. Employee Identification No.) 6565 E. Washington Blvd. Commerce, CA 90040 (323) 888-9999 (Addr ...