IPO - Nova Lifestyle, Inc.

Form Type: S-1/A

Filing Date: 2025-06-27

Corporate Action: Ipo

Type: New

Accession Number: 000164117225016893

Filing Summary: Nova LifeStyle, Inc. is amending its Registration Statement to offer up to 13,793,103 shares of common stock and up to 27,586,206 warrants on a reasonable best efforts basis, aiming for gross proceeds of approximately $8.0 million. Each warrant allows for the purchase of one share of common stock at an exercise price of 120% of the offering price. The proposed offering price is assumed at $0.58, which represents 50% of the last closing price on May 15, 2025. The company is categorized as a smaller reporting company and has retained American Trust Investment Services, Inc. as its exclusive placement agent. This offering is structured under SEC regulations, and the shares and warrants will be sold together but issued separately. The primary market for the common stock is Nasdaq, with plans for the offering to commence after the registration statement becomes effective. Risks associated with the investment include high volatility and speculative nature, which potential investors should consider before committing funds.

Form Type: S-1

Filing Date: 2025-05-23

Corporate Action: Ipo

Type: New

Accession Number: 000164117225012269

Filing Summary: Nova LifeStyle, Inc., a U.S.-based company specializing in the design and marketing of contemporary residential and commercial furniture, has filed a registration statement on Form S-1 with the SEC to offer shares of its common stock, proposing to raise up to $8,000,000. The offering includes up to 19,200,000 shares of common stock underlying warrants, with a set exercise price of 120% of the offering price. The company is actively seeking to regain compliance with Nasdaq listing requirements following a notification that its stock price had fallen below the minimum bid price of $1.00. The disclosure includes information about the company’s history, product offerings, risks associated with the business, and its expansion plans, particularly in response to increasing global demand for contemporary furniture.