Nova LifeStyle raises $14M in registered direct offering of 3.7M shares at $3.78/share

XMax Inc.

Entered into Securities Purchase Agreement to sell 3,708,500 shares at $3.78 each.
Aggregate gross proceeds of approximately $14.0 million before offering expenses.
Offering is a registered direct offering under existing shelf registration statement (File No. 333-274970).
Closing expected within five trading days, subject to customary conditions.
No use of proceeds disclosed in the filing.

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