- On **October 13, 2025**, Nova LifeStyle, Inc. (NVFY) entered into a Securities Purchase Agreement for a **registered direct offering**.  **[1473334_0001493152-25-018056_form8-k.htm:1]** 
- The company will sell an aggregate of **3,708,500 shares** of its common stock at a purchase price of **$3.78 per share**.  **[1473334_0001493152-25-018056_form8-k.htm:1]** 
- This transaction is expected to generate **gross proceeds of $14,018,130** for the company.  **[1473334_0001493152-25-018056_form8-k.htm:1]** 
- The proceeds are intended for **general working capital, mergers and acquisitions**, or any other purposes deemed appropriate by the Board of Directors.  **[1473334_0001493152-25-018056_ex10-1.htm:10]**

Nova LifeStyle, Inc. Announces Registered Direct Offering

- **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.  **[1473334_52858b7a3cf841c0a07055d8ccbbe237_0]** 
- 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).  **[1473334_52858b7a3cf841c0a07055d8ccbbe237_0]** 
- This investment represents a significant step in Nova's strategic transformation toward technology and innovation-driven sectors, including AI-driven smart living solutions.  **[1473334_52858b7a3cf841c0a07055d8ccbbe237_0]** 
- 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.  **[1473334_52858b7a3cf841c0a07055d8ccbbe237_0]**

Nova Lifestyle Invests in Fund Holding SpaceX Shares

- 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**.  **[1473334_0001493152-25-015886_form8-k.htm:2]** 
- The **Preamble Capital** fund is established with the purpose of investing in **Space Exploration Technologies Corp.** (SpaceX).  **[1473334_0001493152-25-015886_ex10-1.htm:23]** 
- **Sydecar LLC** is the Administrator of the fund, and **Aaron Jun Yuen Chow** serves as both the Organizer and Advisor.  **[1473334_0001493152-25-015886_ex10-1.htm:23]** 
- The Advisor, Aaron Jun Yuen Chow, will receive **Carried Interest** from the fund but no separate management fee.  **[1473334_0001493152-25-015886_ex10-1.htm:69]**

Nova Lifestyle (NVFY)