Nova LifeStyle Inc. Subsidiary Invests $5.66 Million in Fund Holding SpaceX Shares

Reuters09-29

Nova LifeStyle Inc. Subsidiary Invests $5.66 Million in Fund Holding SpaceX Shares

**Nova LifeStyle Inc. Subsidiary Makes Major Equity Investment Linked to SpaceX** On September 25, 2025, Nova Furniture Limited, a wholly owned subsidiary of Nova LifeStyle, Inc., entered into a Subscription Agreement with Preamble Capital, a Delaware-based fund. Under the agreement, Nova Furniture Limited will acquire a 99.815% interest in the fund for $5,664,500.05. The fund, administered by Sydecar LLC, will use this capital to purchase approximately 6.667% interest in another fund that holds a total of 353,772 shares of Space Exploration Technologies Corp. (SpaceX), including both Class A and Class C Common Stock. The management fee for Nova Furniture's investment is set at 0%. The transaction strengthens Nova LifeStyle's exposure to the high-growth space technology sector.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nova Lifestyle Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-25-015886), on September 29, 2025, and is solely responsible for the information contained therein.

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Subsidiary Makes Major Equity Investment Linked to SpaceX** On September 25, 2025, Nova Furniture Limited, a wholly owned subsidiary of Nova LifeStyle, Inc., entered into a Subscription Agreement with Preamble Capital, a <a href=\"https://laohu8.com/S/VMM\">Delaware</a>-based fund. Under the agreement, Nova Furniture Limited will acquire a 99.815% interest in the fund for $5,664,500.05. The fund, administered by Sydecar LLC, will use this capital to purchase approximately 6.667% interest in another fund that holds a total of 353,772 shares of Space Exploration Technologies Corp. (SpaceX), including both Class A and Class C Common Stock. The management fee for Nova Furniture's investment is set at 0%. 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Subsidiary Invests $5.66 Million in Fund Holding SpaceX Shares\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-09-29 20:03</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Nova LifeStyle Inc. Subsidiary Invests $5.66 Million in Fund Holding SpaceX Shares\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        **Nova LifeStyle Inc. Subsidiary Makes Major Equity Investment Linked to SpaceX** On September 25, 2025, Nova Furniture Limited, a wholly owned subsidiary of Nova LifeStyle, Inc., entered into a Subscription Agreement with Preamble Capital, a <a href=\"https://laohu8.com/S/VMM\">Delaware</a>-based fund. Under the agreement, Nova Furniture Limited will acquire a 99.815% interest in the fund for $5,664,500.05. The fund, administered by Sydecar LLC, will use this capital to purchase approximately 6.667% interest in another fund that holds a total of 353,772 shares of Space Exploration Technologies Corp. (SpaceX), including both Class A and Class C Common Stock. The management fee for Nova Furniture's investment is set at 0%. 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The fund, administered by Sydecar LLC, will use this capital to purchase approximately 6.667% interest in another fund that holds a total of 353,772 shares of Space Exploration Technologies Corp. (SpaceX), including both Class A and Class C Common Stock. The management fee for Nova Furniture's investment is set at 0%. The transaction strengthens Nova LifeStyle's exposure to the high-growth space technology sector.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nova Lifestyle Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. 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