Nova Lifestyle, Inc. (NVFY) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: June 02, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 598.76% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
64M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

NVFY currently has 63.6M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 598.76% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Jun 02, 2026

8-K filing: XMax Inc. entered into a private placement agreement to sell 486,500 shares of common stock at a price of $7.347 per share for aggregate gross proceeds of $3,574,315.50. ($3.57M proceeds)

64M 0
May 15, 2026

10-Q filing | 63.6M shares outstanding

64M 0
Apr 16, 2026

8-K filing: XMax Inc. sold 462,500 shares of its common stock to twenty two non-U.S. person investors in a private placement at a purchase price of $6.705 per share for an aggregate offering price of $3,101,062.50. ($3.1M proceeds)

47M 0
Apr 15, 2026

10-K filing | 47.2M shares outstanding

47M 0
Mar 31, 2026

8-K filing: XMax Inc. entered into a Securities Purchase Agreement to sell 1,958,000 shares of common stock to StratoCore Solutions Ltd. at $3.575 per share for $6,999,850 in a private placement. ($7.0M proceeds)

42M 0
Dec 22, 2025

8-K filing: XMax Inc. entered into a Securities Purchase Agreement to sell 1,187,500 shares of common stock at $4.21 per share in a registered direct offering, resulting in gross proceeds of $4,999,375. ($5.0M proceeds)

42M 0
Nov 14, 2025

10-Q filing | 41.9M shares outstanding

42M 0
Oct 14, 2025

8-K filing: Nova LifeStyle, Inc. entered into a Securities Purchase Agreement to sell 3,708,500 shares of common stock at $3.78 per share in a registered direct offering, resulting in gross proceeds of $14,018,130. ($14.02M proceeds)

14M 19M
Sep 04, 2025

8-K filing: Nova Lifestyle, Inc. completed a public offering of 9,836,054 shares of common stock and 19,672,108 warrants for gross proceeds of approximately $9.0 million. ($9.0M proceeds)

14M 19M
Aug 21, 2025

S-1/A filing: The company is offering up to 5,863,192 shares of common stock and up to 11,726,384 warrants to purchase common stock, for gross proceeds of up to approximately $9.0 million, and up to $21,600,000 of Common Stock underlying the Warrants.

14M 19M
Aug 14, 2025

10-Q filing | 13.8M shares outstanding

14M 13M
Aug 08, 2025

S-1/A filing: The Company agreed to sell to the Purchaser in a private placement 500,000 shares of the Company's common stock at a purchase price of $0.40 per share for an aggregate price of $200,000.

7.3M 20M
Aug 06, 2025

S-1/A filing: The Company agreed to sell 500,000 shares of its common stock at $0.40 per share for an aggregate price of $200,000 in a private placement.

7.3M 20M
Jul 25, 2025

S-1/A filing: This is an S-1/A filing for an offering of up to $9,000,000 of Common Stock and up to $21,600,000 shares of Common Stock underlying the Warrants.

7.3M 47M
Jun 27, 2025

S-1/A filing: The company is offering up to 13,793,103 shares of common stock and 27,586,206 warrants to purchase common stock for gross proceeds of up to approximately $8.0 million.

14M 54M
May 23, 2025

S-1 filing: NVFY is offering up to $8,000,000 of shares of common stock and two warrants to purchase common stock for each offering share.

14M 39M
May 15, 2025

10-Q filing | 13.7M shares outstanding

14M 13M
Mar 31, 2025

10-K filing | 13.2M shares outstanding

13M 13M
Mar 18, 2025

8-K filing: Nova LifeStyle, Inc. sold 500,000 shares of common stock at $0.40 per share in a private placement for gross proceeds of $200,000. ($0.2M proceeds)

7.2M 19M
Mar 04, 2025

8-K filing: Nova LifeStyle, Inc. issued 4,909,616 shares of common stock at US$0.65 per share to Flyguy Resources Sdn Bhd, Twenty Nine Business Solutions Sdn, Chialing Enterprise, and Macro IT Solutions SDH BHD as payment for furniture products. ($3.19M proceeds)

7.2M 19M
Feb 24, 2025

8-K filing: Nova LifeStyle, Inc. entered into a Debt Repayment Agreement to repay $217,000 debt to Huge Energy International Limited by issuing 434,000 shares of Common Stock at a price of $0.50 per share. ($0.22M proceeds)

7.2M 19M
Feb 11, 2025

8-K filing: Nova LifeStyle, Inc. sold 250,000 shares of its common stock at $0.60 per share for an aggregate price of $150,000 in a private placement. ($0.15M proceeds)

7.2M 19M
Jan 10, 2025

8-K filing: Nova LifeStyle, Inc. sold 250,000 shares of common stock at $0.60 per share in a private placement for gross proceeds of $150,000. ($0.15M proceeds)

7.2M 19M
Nov 19, 2024

S-3/A filing: This S-3/A filing relates to the resale of up to 1,310,000 shares of common stock by selling shareholders.

7.2M 19M
Nov 14, 2024

10-Q filing | 7.2M shares outstanding

7.2M 19M
Nov 12, 2024

S-3 filing: This S-3 filing relates to the resale of up to 1,310,000 shares of common stock by selling shareholders.

3.1M 23M
Oct 28, 2024

8-K filing: Nova LifeStyle, Inc. sold 125,000 shares of its common stock at $1.20 per share in a private placement for an aggregate price of $150,000. ($0.15M proceeds)

3.1M 22M
Oct 11, 2024

8-K filing: Nova LifeStyle, Inc. will issue 3,321,429 shares of common stock at US$1.40 per share to Iconic Tech SDN BHD, Onefull Technologies SDN. BHD., Skyvip SDH BHD, United Poles SDH BHD and Teclutions System SDN. BHD for the purchase of certain furniture products. ($4.65M proceeds)

3.1M 22M
Aug 14, 2024

10-Q filing | 3.1M shares outstanding

3.1M 22M
Aug 12, 2024

8-K filing: Nova LifeStyle, Inc. issued 460,000 shares of common stock at $1.20 per share to VT Conceptone as part of a Sale and Purchase Agreement for a Payment IT System, with gross proceeds of $552,000. ($0.55M proceeds)

2.2M 23M
Aug 02, 2024

8-K filing: Nova LifeStyle, Inc. entered into a Securities Purchase Agreement to sell 125,000 shares of common stock at $1.60 per share for $200,000 in a private placement. ($0.2M proceeds)

2.2M 23M
Jul 11, 2024

8-K filing: Nova LifeStyle, Inc. issued 400,000 shares of common stock at $1.65 per share to Hong Sheng Sdn Bhd for a Nova Living DesignXperience System, with the transaction completed on July 5, 2024. ($0.66M proceeds)

2.2M 23M
May 29, 2024

S-3 filing: Resale of up to 570,000 shares of common stock by selling shareholders.

2.2M 23M
May 21, 2024

8-K filing: Nova LifeStyle, Inc. completed a private placement of 200,000 shares of common stock at $2.00 per share, resulting in gross proceeds of $400,000. ($0.4M proceeds)

2.2M 22M
May 15, 2024

10-Q filing | 2.2M shares outstanding

2.2M 22M
Apr 15, 2024

10-K filing | 2.3M shares outstanding

2.3M 22M
Jan 26, 2024

8-K filing: Nova LifeStyle, Inc. subsidiary Nova Malaysia will purchase an AI-Calculation Engine System from ATS Brand for $750,000, paid in 300,000 shares of common stock at $2.5 per share. ($0.75M proceeds)

1.5M 23M
Nov 22, 2023

8-K filing: Nova LifeStyle, Inc. issues 270,000 shares of common stock at $2.5 per share to Web 3.0 in exchange for an IT System, with the shares issued under Regulation S exemption. ($0.68M proceeds)

1.5M 23M
Nov 14, 2023

10-Q filing | 1.5M shares outstanding

1.5M 23M
Oct 13, 2023

S-3 filing: Nova LifeStyle, Inc. files an S-3 form to offer shares of its common stock, preferred stock, warrants and units up to an aggregate initial offering price of $55,000,000.

1.5M 23M
Oct 10, 2023

RW filing: Nova LifeStyle, Inc. requests the withdrawal of its Registration Statement on Form S-1 (File No. 333-268939) due to current capital market conditions and consideration of other alternatives.

1.5M 130K
Aug 14, 2023

10-Q filing | 1.5M shares outstanding

1.5M 130K
May 22, 2023
Stock Split

8-K filing: Stock split 1-for-5 | Outstanding: 7,170,060 → 1,434,012

1.4M 150K
May 15, 2023

10-Q filing | 7.2M shares outstanding

7.2M 740K
Apr 17, 2023

10-K filing | 6.9M shares outstanding

6.9M 980K
Dec 22, 2022

S-1 filing: This S-1 filing, dated December 22, 2022, is subject to completion and proposes an offering of up to $5,000,000 in common stock, common warrants, and pre-funded warrants.

6.9M 1M
Nov 18, 2022

10-Q filing | 6.9M shares outstanding

6.9M 1M
Aug 12, 2022

10-Q filing | 6.9M shares outstanding

6.9M 1.1M
May 31, 2022

S-3/A filing: The filing relates to the registration of shares of common stock issuable upon exercise of outstanding warrants sold in a private placement.

6.8M 1.1M
May 23, 2022

S-3/A filing: Nova LifeStyle, Inc. sold 1,114,508 shares of common stock at $2.80 per share and warrants to purchase 1,114,508 shares of common stock in a registered direct shelf takedown for aggregate gross proceeds of approximately $3.1 million.

6.8M 2.1M
May 13, 2022

10-Q filing | 6.8M shares outstanding

6.8M 2.1M
Apr 26, 2022

S-3/A filing: Nova LifeStyle, Inc. sold 1,114,508 shares of common stock at $2.80 per share and warrants to purchase 1,114,508 shares of common stock in a registered direct shelf takedown for gross proceeds of approximately $3.1 million.

6.8M 2.1M
Apr 08, 2022

10-K filing | 6.8M shares outstanding

6.8M 2.1M
Nov 24, 2021

S-3 filing: Nova LifeStyle, Inc. sold 1,114,508 shares of common stock at a price of $2.80 per share and warrants to purchase 1,114,508 shares of common stock for aggregate gross proceeds of approximately $3.1 million.

6.7M 2.2M
Nov 15, 2021

10-Q filing | 6.7M shares outstanding

6.7M 0
Aug 16, 2021

10-Q filing | 6.7M shares outstanding

6.7M 0
Jul 26, 2021

8-K filing: Nova LifeStyle, Inc. sold 1,114,508 shares of common stock and warrants to purchase 1,114,508 shares of common stock to institutional investors at $2.80 per share, resulting in gross proceeds of approximately $3.1 million. ($3.12M proceeds)

5.6M 0
May 17, 2021

10-Q filing | 5.6M shares outstanding

5.6M 8.2K
Mar 29, 2021

10-K filing | 5.7M shares outstanding

5.7M 0
Nov 20, 2020

10-Q filing | 5.6M shares outstanding

5.6M 0
Oct 08, 2020

S-3 filing: The company may offer common stock, preferred stock, warrants, and units with an aggregate initial offering price not to exceed $60,000,000.

5.5M 29K
Aug 14, 2020

10-Q filing | 5.6M shares outstanding

5.6M 0
Jul 06, 2020

10-Q filing | 5.6M shares outstanding

5.6M 0
May 12, 2020

10-K filing | 5.7M shares outstanding

5.7M 0
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