NVFY: all time low
strange after the latest news:
Nova Lifestyle, Inc. has made several significant moves. The company has announced a private placement of 125,000 shares of common stock at $1.20 per share, totaling $150,000. This transaction, conducted under the exemption from registration provided by Regulation S of the Securities Act of 1933, aligns with Nova Lifestyle's ongoing financing strategies.
In addition to this, Nova Lifestyle has strategically acquired various furniture products worth $4.6 million from five different suppliers, aiming to bolster its product offerings and market position. Payment for these purchases was made through the issuance of 3,321,429 shares of Nova Lifestyle's common stock.
The company has also reported a change in its independent accounting firm, replacing WWC, P.C., with Enrome LLP for the fiscal year ending December 31, 2024. Furthermore, Nova Lifestyle has acquired a DesignXperience System from Hong Sheng Sdn Bhd for $660,000, paid in 400,000 shares of common stock.