Executive leadership at NVFY.
Board of directors at NVFY.
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Recent press releases and 8-K filings for NVFY.
Nova LifeStyle, Inc. Changes Name to XMax Inc. and Increases Authorized Shares
NVFY
Proxy Vote Outcomes
- Nova LifeStyle, Inc. officially changed its corporate name to XMax Inc., with the change becoming effective on November 3, 2025.
- The company also significantly increased its authorized common stock from 250,000,000 shares to 5,000,000,000 shares, effective November 3, 2025.
- Both the corporate name change and the increase in authorized shares were approved by shareholders at a special meeting held on October 31, 2025.
Nov 4, 2025, 10:00 PM
Nova LifeStyle, Inc. Announces Registered Direct Offering
NVFY
New Projects/Investments
- On October 13, 2025, Nova LifeStyle, Inc. (NVFY) entered into a Securities Purchase Agreement for a registered direct offering.
- The company will sell an aggregate of 3,708,500 shares of its common stock at a purchase price of $3.78 per share.
- This transaction is expected to generate gross proceeds of $14,018,130 for the company.
- The proceeds are intended for general working capital, mergers and acquisitions, or any other purposes deemed appropriate by the Board of Directors.
Oct 14, 2025, 9:26 PM
Nova Lifestyle Invests in Fund Holding SpaceX Shares
NVFY
New Projects/Investments
- Nova Lifestyle, Inc. (NVFY) has invested approximately US$5.66 million to acquire a 99.815% interest in Preamble Capital, A Series of CGF2021 LLC.
- Preamble Capital will use this investment to acquire a 6.667% interest in a fund that holds 353,772 shares of Space Exploration Technologies Corp. (SpaceX).
- This investment represents a significant step in Nova's strategic transformation toward technology and innovation-driven sectors, including AI-driven smart living solutions.
- CEO Mr. Xiaohua Lu stated that this opportunity diversifies the company's business and holdings, aiming to contribute to long-term shareholder value, while Nova remains committed to its core furniture and lifestyle business.
Sep 29, 2025, 12:17 PM
Nova LifeStyle, Inc. Subsidiary Enters Subscription Agreement for SpaceX Investment Fund
NVFY
New Projects/Investments
- Nova LifeStyle, Inc. (NVFY) announced a Subscription Agreement between its subsidiary, Nova Furniture Limited, and Preamble Capital, A Series of CGF2021 LLC, dated September 25, 2025.
- The Preamble Capital fund is established with the purpose of investing in Space Exploration Technologies Corp. (SpaceX).
- Sydecar LLC is the Administrator of the fund, and Aaron Jun Yuen Chow serves as both the Organizer and Advisor.
- The Advisor, Aaron Jun Yuen Chow, will receive Carried Interest from the fund but no separate management fee.
Sep 29, 2025, 12:00 PM
Quarterly earnings call transcripts for NVFY.
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