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Stock impact report

Nova Lifestyle, Inc. Announces Pricing of $3.1 Million Registered Direct Offering

Nova Lifestyle, Inc (NVFY) 
US:NASDAQ Investor Relations: novalifestyle.com/profile
Company Research Source: GlobeNewswire
LOS ANGELES, July 23, 2021 (GLOBE NEWSWIRE) -- Nova Lifestyle, Inc. (NASDAQ Capital Market: NVFY) (the "Company"), today announced that it has entered into definitive agreements with certain institutional investors to purchase 1,114,508 of its shares of common stock in a registered direct offering. Additionally, the Company has also agreed to issue to the investors unregistered warrants to purchase up to an aggregate of 1,114,508 shares of common stock in a concurrent private placement. The combined purchase price for one share of common stock and a warrant to purchase one share of common stock is $2.80. The warrants have an exercise price of $3.50 per share, will be exercisable beginning six-months from the date of issuance, and will expire five and one half years from the date of issuance. Dawson James Securities, Inc. is acting as the sole placement agent in connection with the offering. The gross proceeds from the registered direct offering and concurrent private placement are Show less Read more
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