24/7 Market News Snapshot 03 September, 2025 – Nova Lifestyle, Inc. (NASDAQ:NVFY)
DENVER, Colo., 03 September, 2025 (www.247marketnews.com) – (NASDAQ:NVFY) are discussed in this article.
Nova Lifestyle, Inc. (NASDAQ:NVFY), a prominent designer and marketer of contemporary furniture, is experiencing a notable surge in its stock. The company opened today at $1.71 and has seen its price climb to $2.165, reflecting a significant increase of 18.31% from the previous day’s close of $1.830. This upward momentum is underpinned by a strong trading volume of 532.04K shares, indicative of heightened market interest. Technical analysis suggests a bullish trend, with key resistance levels positioned above the current price and support observed around $1.83. Investors are encouraged to closely monitor price movements and volume, as sustained buying pressure may signal further potential gains for NVFY in the near term.
In addition to its market performance, Nova LifeStyle has also announced a public offering to enhance its financial standing. The offering includes up to 9,522,393 shares of common stock and 19,044,786 warrants, priced at $0.915 per share. Each share will be offered alongside two warrants, providing buyers the option to acquire additional shares at an exercise price of $1.098, valid for five years. This initiative is expected to yield approximately $8.71 million in gross proceeds. These funds are earmarked for working capital, marketing efforts, and the repayment of short-term debts, further strengthening the company’s financial foundation.
With American Trust Investment Services, Inc. as the exclusive placement agent, the offering is anticipated to close around September 4, 2025, pending customary conditions. As Nova LifeStyle continues to assert itself as a leader in contemporary furniture, its strategic actions and strong market performance underscore its commitment to growth and innovation in the industry.