Annuncio • Apr 21
XMax Inc., Annual General Meeting, Jun 05, 2026 XMax Inc., Annual General Meeting, Jun 05, 2026. Location: 6565 e. washington blvd, commerce, california 90040, United States Annuncio • Apr 01
Nova LifeStyle, Inc. announced delayed annual 10-K filing On 03/31/2026, Nova LifeStyle, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Annuncio • Mar 11
Nova LifeStyle, Inc. has filed a Follow-on Equity Offering in the amount of $35.955 million. Nova LifeStyle, Inc. has filed a Follow-on Equity Offering in the amount of $35.955 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 8,500,000
Price\Range: $4.23
Transaction Features: Registered Direct Offering Annuncio • Jan 12
XMax Inc. Announces Board and Committee Changes XMax Inc. appointed Mr. Matthew Beck, age 41, as a new member to serve on the Board. Mr. Matthew Beck has served as Co-Founder and a director of Endcap, a SaaS advisory firm, since July 2024. He has served as an Account Executive at IFS AB since March 2025. Previously, Mr. Beck held regional leadership and sales roles at Cloudinary from 2022 to 2024, New Relic from 2020 to 2022, AppDynamics (acquired by Cisco Systems Inc.) from 2019 to 2020, and Aspen Technology Inc. from 2016 to 2019. The Board deems Mr. Beck an “independent director” as defined by NASDAQ Rule 5605(a)(2). In connection with his appointment, the Company entered into a Director Agreement with Mr. Matthew Beck on January 6, 2026. On January 8, 2026, the Board received a resignation letter from Mr. Charlie Huy La, to resign from the positions as a member of the Board, Chairman of the Nominating and Corporate Governance Committee and a member of Compensation Committee and Audit Committee of the Board, effective immediately. Mr. La’s resignation is not because of any disagreement with the Company, its management or its directors. Annuncio • Oct 15
Nova LifeStyle, Inc. has filed a Follow-on Equity Offering in the amount of $14.01813 million. Nova LifeStyle, Inc. has filed a Follow-on Equity Offering in the amount of $14.01813 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 3,708,500
Price\Range: $3.78 Annuncio • Sep 27
Nova LifeStyle, Inc. Appoints Ms. Wen Tao as a New Member to Serve on the Board On September 23, 2025, the Board of Directors (the “Board”) of Nova LifeStyle, Inc. (the “Company”) approved the increase in the size of the Board from five members to six members. At the same time, the Board appointed Ms. Wen Tao as a new member to serve on the Board. The new member of the Board was appointed to fill the vacancy on the Board created by the increase of the size of the Board. On September 23, 2025, the Board also appointed Ms. Wen Tao to serve as a member of the Audit Committee, the Nominating and Corporate Governance Committee and the Compensation Committee of the Board. Ms. Wen Tao, age 35, has served as the Director and Head of Institutional Sales of Alpha Trade Pty Ltd. in Sydney/Malaysia, an Australian licensed Prime of Prime Brokerage Firm since January 2023. Ms. Tao was an Institutional Sales of APAC for Saxo Bank A/S in Singapore, a European Investment Banking Company from February 2019 to December 2022. Ms. Tao was the Head of APAC Institutional Sales for Invast Financial Services in Sydney, Australia from February 2016 to October 2018. Ms. Tao has studied her Master of Business Administration (Part-time) at University of Sydney since 2017 and has obtained her Bachelor of Commerce and Accounting & Finance Double Major at University of Sydney in 2015. Ms. Tao holds a certificate of Australian Securities and Investments Commission (ASIC) RG 146 Compliant. Annuncio • Sep 05
Nova LifeStyle, Inc. has completed a Follow-on Equity Offering in the amount of $8.999989 million. Nova LifeStyle, Inc. has completed a Follow-on Equity Offering in the amount of $8.999989 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 9,836,054
Price\Range: $0.915
Discount Per Security: $0.064
Security Name: Warrants
Security Type: Equity Warrant
Securities Offered: 19,672,108 Annuncio • Jun 26
Nova LifeStyle, Inc. Announces Board Changes, Effective June 23, 2025 On June 23, 2025, the Board of Directors (the “Board”) of Nova LifeStyle, Inc. (the “Company”) received a resignation letter from Ms. Min (Mindy) Su to resign from her position as a director of the Board, effective immediately. Ms. Su will remain as the Corporate Secretary of the Company. Ms. Su indicated that her resignation is not because of any disagreement with the Company, its management or its directors. On June 23, 2025, the Board appointed Mr. Xiaohua Lu, the Chief Executive Officer of the Company, as the new director of the Board. Mr. Xiaohua Lu, age 46, has served as the Chief Executive Officer of the Company since April 21, 2025. Mr. Lu was the General Manager of Drem Consulting Pte Ltd. from January 2024 to April 2025 and was an independent financial advisor for Promiseland Financial Advisory Pte Ltd. from February 2022 to April 2025. Mr. Lu served as a director of Wiselink Global Pte Ltd. from January 2019 to December 2022 and as Chief Executive Officer of Blackamber Investment Limited (New Zealand) from October 2012 to December 2018. Mr. Lu received a Bachelor’s degree in Vehicle Engineering and Commercial Business English from Jilin University, China in July 2001. Annuncio • May 24
Nova LifeStyle, Inc. has filed a Follow-on Equity Offering in the amount of $8 million. Nova LifeStyle, Inc. has filed a Follow-on Equity Offering in the amount of $8 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 13,793,103
Price\Range: $0.58
Discount Per Security: $0.0406 Annuncio • Apr 25
Nova LifeStyle, Inc., Annual General Meeting, Jun 06, 2025 Nova LifeStyle, Inc., Annual General Meeting, Jun 06, 2025. Location: 6565 e. washington blvd., commerce, california 90040, United States Annuncio • Feb 12
Nova LifeStyle, Inc. has filed a Follow-on Equity Offering in the amount of $0.15 million. Nova LifeStyle, Inc. has filed a Follow-on Equity Offering in the amount of $0.15 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 250,000
Price\Range: $0.6
Transaction Features: Regulation S Annuncio • Jan 01
Nova LifeStyle, Inc. Receives Nasdaq Non-Compliance Letter Regarding Minimum Bid Price Requirement On December 27, 2024, Nova LifeStyle, Inc. (the Company") received a letter from the Nasdaq Stock Market (Nasdaq") notifying the Company that, because the closing bid price for the Company's common stock listed on Nasdaq was below $1.00 for 30 consecutive trading days, the Company no longer meets the minimum bid price requirement for continued listing on Nasdaq under Nasdaq Marketplace Rule 5550(a)(2), which requires a minimum bid price of $1.00 per share (the Minimum Bid Price Requirement"). The notification has no immediate effect on the listing of the Company's common stock. In accordance with Nasdaq Marketplace Rule 5810(c)(3)(A), the Company has a period of 180 calendar days from the date of notification, until June 25, 2025 (the Compliance Period"), to regain compliance with the Minimum Bid Price Requirement. If at any time before the expiration of the Compliance Period the bid price of the Company's common stock closes at or above $1.00 per share for a minimum of 10 consecutive business days, Nasdaq will provide written notification that the Company has achieved compliance with the Minimum Bid Price Requirement. If the Company does not regain compliance by the end of the Compliance Period, the Company may be eligible for an additional 180 calendar day period to regain compliance. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary. However, if it appears to Nasdaq that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, Nasdaq will provide notice that the Company's securities will be subject to delisting. The Company intends to continue actively monitoring the bid price for its common stock between now and the expiration of the Compliance Period and will consider all available options to resolve the deficiency and regain compliance with the Minimum Bid Price Requirement. Reported Earnings • Nov 17
Third quarter 2024 earnings released: US$0.72 loss per share (vs US$0.83 loss in 3Q 2023) Third quarter 2024 results: US$0.72 loss per share. Revenue: US$2.62m (up 5.6% from 3Q 2023). Net loss: US$2.47m (loss widened 91% from 3Q 2023). Reported Earnings • Aug 16
Second quarter 2024 earnings released: US$0.22 loss per share (vs US$0.37 loss in 2Q 2023) Second quarter 2024 results: US$0.22 loss per share. Revenue: US$2.69m (down 40% from 2Q 2023). Net loss: US$563.5k (loss widened 4.6% from 2Q 2023). Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Director Ming-Cherng Tsai was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Apr 24
Nova LifeStyle, Inc. Receives Non-Compliance Letter Related to Nasdaq Listing Rule 5550(b)(2) On April 18, 2024, Nova LifeStyle, Inc. (the Company") received written notice from the NASDAQ Stock Market (NASDAQ") stating that the Company does not meet the requirement of maintaining a minimum of $2,500,000 in stockholders' equity for continued listing on the NASDAQ Capital Market, as set in NASDAQ Listing Rule 5550(b)(1), the Company also does not meet the alternative of market value of listed securities of $35 million under NASDAQ Listing Rule 5550(b)(2) or net income from continuing operations of $500,000 in the most recently completed fiscal year or in two of the last three most recently completed fiscal years under NASDAQ Listing Rule 5550(b)(3), and the Company is no longer in compliance with the NASDAQ Listing Rules. The NASDAQ notification letter provides the Company until June 6, 2024 to submit a plan to regain compliance. If the plan is accepted, NASDAQ can grant the Company an extension up to 180 calendar days from the date of NASDAQ letter to demonstrate compliance. If NASDAQ does not accept the Company's compliance plan, the Company will have the opportunity to appeal that decision to a Hearing Panel per NASDAQ Listing Rule 5815(a). The Company will submit a plan to regain compliance before June 6, 2024 and will consider the various options available to it to regain compliance with the NASDAQ Listing Rules. Annuncio • Apr 21
Nova LifeStyle, Inc., Annual General Meeting, May 31, 2024 Nova LifeStyle, Inc., Annual General Meeting, May 31, 2024, at 11:00 Pacific Daylight. Location: corporate headquarters of Nova LifeStyle, Inc., located at 6565 E. Washington Blvd, Commerce, California 90040 California United States Agenda: To elect five directors, each to serve until the 2025 Annual Meeting of Stockholders or until such person's successor is qualified and elected; to ratify the appointment of WWC, P.C. as our independent registered public accounting firm for the fiscal year ending December 31, 2024; to adopt and approve Nova LifeStyle Inc. 2024 Omnibus Equity Plan; to approve the compensation of the named executive officers as disclosed in this Proxy Statement in a non-binding, advisory vote; and to transact such other business as properly may come before the annual meeting or any adjournments thereof. Annuncio • Apr 02
Nova LifeStyle, Inc. announced delayed annual 10-K filing On 04/01/2024, Nova LifeStyle, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Reported Earnings • Nov 17
Third quarter 2023 earnings released: US$0.83 loss per share (vs US$1.24 loss in 3Q 2022) Third quarter 2023 results: US$0.83 loss per share (improved from US$1.24 loss in 3Q 2022). Revenue: US$2.48m (down 18% from 3Q 2022). Net loss: US$1.29m (loss narrowed 25% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 16
Second quarter 2023 earnings released: US$0.37 loss per share (vs US$4.14 loss in 2Q 2022) Second quarter 2023 results: US$0.37 loss per share (improved from US$4.14 loss in 2Q 2022). Revenue: US$4.46m (up 17% from 2Q 2022). Net loss: US$538.6k (loss narrowed 91% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Board Change • Aug 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Director Ming-Cherng Tsai was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 18
First quarter 2023 earnings released: US$0.17 loss per share (vs US$0.13 loss in 1Q 2022) First quarter 2023 results: US$0.17 loss per share (further deteriorated from US$0.13 loss in 1Q 2022). Revenue: US$1.87m (down 49% from 1Q 2022). Net loss: US$1.22m (loss widened 36% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Reported Earnings • Apr 18
Full year 2022 earnings released: US$2.46 loss per share (vs US$3.27 loss in FY 2021) Full year 2022 results: US$2.46 loss per share (improved from US$3.27 loss in FY 2021). Revenue: US$12.7m (flat on FY 2021). Net loss: US$17.1m (loss narrowed 14% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 17% per year and the company’s share price has also fallen by 17% per year. Annuncio • Nov 15
Nova LifeStyle, Inc. announced delayed 10-Q filing On 11/14/2022, Nova LifeStyle, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Reported Earnings • Aug 14
Second quarter 2022 earnings released: US$0.83 loss per share (vs US$1.13 loss in 2Q 2021) Second quarter 2022 results: US$0.83 loss per share (up from US$1.13 loss in 2Q 2021). Revenue: US$3.81m (up 7.4% from 2Q 2021). Net loss: US$5.69m (loss narrowed 10% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 38% per year, which means it has not declined as severely as earnings. Annuncio • Jun 29
Nova LifeStyle Receives Non-Compliance Letter from Nasdaq On June 24, 2022, Nova LifeStyle, Inc. (the Company") received a letter from the Nasdaq Stock Market (Nasdaq") notifying the Company that, because the closing bid price for the Company's common stock listed on Nasdaq was below $1.00 for 30 consecutive trading days, the Company no longer meets the minimum bid price requirement for continued listing on Nasdaq under Nasdaq Marketplace Rule 5550(a)(2), which requires a minimum bid price of $1.00 per share (the Minimum Bid Price Requirement"). The notification has no immediate effect on the listing of the Company's common stock. In accordance with Nasdaq Marketplace Rule 5810(c)(3)(A), the Company has a period of 180 calendar days from the date of notification, until December 21, 2022 (the Compliance Period"), to regain compliance with the Minimum Bid Price Requirement. If at any time before the expiration of the Compliance Period the bid price of the Company's common stock closes at or above $1.00 per share for a minimum of 10 consecutive business days, Nasdaq will provide written notification that the Company has achieved compliance with the Minimum Bid Price Requirement. If the Company does not regain compliance by the end of the Compliance Period, the Company may be eligible for an additional 180 calendar day period to regain compliance. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary. However, if it appears to Nasdaq that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, Nasdaq will provide notice that the Company's securities will be subject to delisting. The Company intends to continue actively monitoring the bid price for its common stock between now and the expiration of the Compliance Period and will consider all available options to resolve the deficiency and regain compliance with the Minimum Bid Price Requirement. Annuncio • Apr 01
Nova LifeStyle, Inc. announced delayed annual 10-K filing On 03/31/2022, Nova LifeStyle, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Reported Earnings • Nov 17
Third quarter 2021 earnings released: US$0.22 loss per share (vs US$1.46 loss in 3Q 2020) The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2021 results: Revenue: US$2.92m (down 12% from 3Q 2020). Net loss: US$1.40m (loss narrowed 83% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 18
Second quarter 2021 earnings released: US$1.13 loss per share (vs US$0.092 loss in 2Q 2020) The company reported a mediocre second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: US$3.55m (up 55% from 2Q 2020). Net loss: US$6.35m (loss widened US$5.83m from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Annuncio • Jun 22
Nova Lifestyle Exhibits New Design Line At First High Point Market Furniture Trade Show Following Pandemic Nova LifeStyle, Inc. to announced, Diamond Sofa, a wholly owned subsidiary of the Company, has successfully exhibited a new design line at the High Point Market furniture trade show June 5th thru 9th. The High Point Market (formerly the International Home Furnishings Market and the Southern Furniture Market), held in High Point, North Carolina, is the home furnishings industry trade show in the world, with over 10 million square feet by roughly 2000 exhibitors throughout about 180 buildings. Reported Earnings • May 19
First quarter 2021 earnings released: US$0.14 loss per share (vs US$0.18 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: US$3.33m (up 51% from 1Q 2020). Net loss: US$763.5k (loss narrowed 25% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 30
Full year 2020 earnings released: US$4.49 loss per share (vs US$1.08 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$11.4m (down 48% from FY 2019). Net loss: US$25.8m (loss widened 320% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Annuncio • Dec 03
Nova LifeStyle, Inc. Launches Online Sales Platform to Distribute New Line of Healthline Products Nova LifeStyle, Inc. announced that it has created an online sales platform (www.novahealthline.com) to distribute healthline products manufactured by 3H Korea Co Ltd. 3H healthline products are marketed throughout Southeast Asia and have been widely recognized as contributing to a healthful lifestyle. The 3H 820 Acupressure BED and 3H Heating Belt are equipped with hundreds of bio ceramic stones. These ceramic stones transmit Far Infrared Rays through the heating process and can warm strained areas of the body and allow these beneficial rays to be properly absorbed. Annuncio • Nov 18
Nova LifeStyle, Inc. announced delayed 10-Q filing On 11/16/2020, Nova LifeStyle, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Annuncio • Jul 08
Nova Lifestyle, Inc. Resumes its Operations Nova LifeStyle, Inc. two showrooms and warehouse in Kuala Lumpur have been closed since March 18, 2020. The Los Angeles facility has been closed since March 16, 2020. However, a skeleton staff worked in that facility to receive shipping containers of products delivered from the company’s contract manufacturers and to ship products to customers. On May 12, 2020, the company's Kuala Lumpur office reopened for business. The third-party contract manufacturers that the company utilizes in China were closed from the beginning of the Lunar New Year Holiday through the beginning of March. Certain of the company’s new products are being sourced from manufacturers in India and Malaysia starting in 2020. The factories in India and Malaysia have suspended their operations as a result of the COVID-19 pandemic during March through early May 2020. Currently, the factories in both countries have resumed their operations. Annuncio • Jun 30
Nova LifeStyle, Inc. announced delayed 10-Q filing On 06/29/2020, Nova LifeStyle, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.