(NASDAQ:NVFY) LOS ANGELES, Sept. 04, 2025 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (Nasdaq: NVFY) (“Nova LifeStyle” or the “Company”), a U.S.-headquartered innovative designer and marketer of contemporary styled furniture, today announced the closing of its best-efforts public offering of 9,836,054 shares of common stock (the “Common Stock”) and 19,672,108 warrants (the “Warrants”) to purchase Common Stock (including shares of Common Stock underlying warrants) at a public offering price of $0.915. Each share of Common Stock was 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 ($1.098 per share), and expires on the fifth anniversary of the issuance date, subject to certain adjustments.
Related Questions
How will the dilution from issuance of 9.8 million new shares and associated warrants affect NVFY's earnings per share and current valuation?
What are the intended uses of the $9 million capital raised, and how will those funds impact Nova Lifestyle's growth initiatives and cash‑flow forecasts?
When is the optimal time to consider exercising the warrants given the 20% premium exercise price and the five‑year expiry, and what potential upside does that create for existing shareholders?