Nova Lifestyle Inc. Files Final Prospectus for $8.71 Million Public Offering
Nova Lifestyle, Inc., a U.S.-based designer and marketer of contemporary furniture, has filed a prospectus related to its best-efforts public offering with the Securities and Exchange Commission (SEC). The offering includes up to 9,522,393 shares of common stock and up to 19,044,786 warrants to purchase common stock, priced at $0.915 per share. Each share is paired with two warrants, exercisable immediately at $1.098 per share, expiring on the fifth anniversary of issuance. The offering is expected to raise approximately $8.71 million in gross proceeds, intended for working capital, marketing costs, debt repayment, and capital expenditures. American Trust Investment Services, Inc. is acting as the exclusive placement agent for the offering.
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