1. ATIS served as exclusive agent for NVFY's $9 million offering. 2. 9,836,054 shares priced at $0.915 per share were issued. 3. The offering also included 19,672,108 warrants exercisable at $1.098. 4. NVFY plans to use proceeds for working capital and marketing. 5. Management expresses optimism about NVFY's growth strategy.
The successful capital raising can provide NVFY with necessary liquidity for growth. Historical mention of capital raises positively impacting stock performance supports this outlook.
The offering provides critical funding for NVFY’s operations and strategic initiatives, which could significantly affect investor sentiment.
Immediate financial support from the offering can influence stock price quickly. Following similar instances in the past, companies often see price increases post-offering announcements.
Transaction Underscores ATIS's Execution Expertise in Tech-Driven Consumer Sectors
NEW YORK, Sept. 5, 2025 /PRNewswire/ -- American Trust Investment Services, Inc. (ATIS) is pleased to announce that it served as the exclusive placement agent for Nova LifeStyle, Inc. (NASDAQ:NVFY) in connection with its follow-on public offering. The offering consisted of 9,836,054 shares of common stock and 19,672,108 warrants, priced at $0.915 per share and accompanying warrants, resulting in gross proceeds of $9 million before placement agent fees and offering expenses.
Each share of common stock was issued together with two five-year warrants, each exercisable at $1.098, representing 120% of the public offering price. The securities were offered and sold together but issued separately upon closing.
Nova LifeStyle is a U.S.-based designer and marketer of modern lifestyle furniture under brands including Nova Brands and Diamond Sofa. The company intends to use the net proceeds for working capital, marketing initiatives, repayment of certain short-term debt, and general corporate purposes.
"At ATIS, we are committed to being strategic execution partners for innovative companies positioned for growth," said James F. Dever, Chief Executive Officer of ATIS. "Nova LifeStyle's leadership and operational focus made this offering an exciting opportunity to support a dynamic consumer-facing business."
"This transaction reflects the strength of our team and our expanding presence in the domestic capital markets," added Ian E. Lippy, Chief Operating Officer of ATIS. "We are proud to have played a role in Nova LifeStyle's growth strategy and look forward to their continued success."
American Trust continues to expand its track record in the small and mid-cap markets, offering specialized investment banking services for emerging and established public companies.
About American Trust Investment Services, Inc.
American Trust Investment Services, Inc. (ATIS) is a leading investment bank and financial services firm providing customized capital markets solutions to high-growth companies. Headquartered in Chicago with offices nationwide, ATIS offers investment banking, brokerage, and advisory services. The firm is known for its strategic approach to underwriting, distribution, and capital raising.
To learn more, visit www.amtruinvest.com
Media & Company Contact:
Ian E. Lippy
American Trust Investment Services, Inc.
media@amtruinvest.com
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SOURCE American Trust Investment Services, Inc.