Unlocking Potential: American Trust Partners with Nova LifeStyle in $9 Million Stock & Warrant Deal

ATIS Successfully Supports Nova LifeStyle’s Public Offering

American Trust Investment Services, Inc. (ATIS) recently announced that it acted as the exclusive placement agent for Nova LifeStyle, Inc. (NASDAQ: NVFY) during a public offering. This offering involved 9,836,054 shares of common stock and 19,672,108 warrants. Each share was priced at $0.95, raising approximately $9 million before fees.

Nova LifeStyle specializes in modern furniture marketing, operating brands such as Nova Brands and Diamond Sofa. The company plans to use the funds for working capital, marketing efforts, and paying down some short-term debts.

CEO James F. Dever expressed excitement about the partnership, recognizing Nova LifeStyle’s strong leadership and focus on growth. COO Ian E. Lippy noted the importance of this transaction for ATIS’s reputation in the capital markets.

This offering highlights ATIS’s growing influence in the small and mid-cap markets, where they provide tailored investment banking services to emerging public companies.

According to recent statistics from PitchBook, capital raises in the mid-cap sector have surged by 25% over the last year, emphasizing the growing confidence in companies like Nova LifeStyle. Investors are increasingly looking for innovative companies with strong growth potential.

ATIS is based in Chicago and offers various financial services, including investment banking and advisory services. Their strategic approach has positioned them as a key player in supporting high-growth businesses.

For more detailed information about ATIS, visit www.amtruinvest.com.

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