Exhibit 5.1
ArentFox Schiff LLP 1717 K Street NW Washington, DC 20006 | |
202.857.6000 MAIN 202.857.6395 FAX | |
afslaw.com |
May 27, 2022 | Ralph De Martino Partner (202) 724-6848 DIRECT rdemartino@afslaw.com |
Nova LifeStyle, Inc.
6565 E. Washington Blvd.
Commerce, CA 90040
Re: Registration Statement on Form S-3
Ladies and Gentlemen:
We have acted as counsel to Nova LifeStyle, Inc., a Nevada corporation (the “Company”), in connection with the preparation and filing with the Securities and Exchange Commission (the “Commission”) of the Company’s Registration Statement on Form S-3 (the “Registration Statement”) under the Securities Act of 1933 (the “Securities Act”), registering a total 1,225,959 shares (the “Shares”) of the Company’s Common Stock issuable upon exercise of outstanding warrants (the “Warrants”) sold in a private placement of the Company’s common stock, par value $0.001 per share (the “Shares”).
In rendering this opinion, we have examined: (i) the Certificate of Incorporation and Bylaws of the Company, as filed in the Registration Statement; (ii) the Warrants; (iii) the Registration Statement; and (iv) such statutory provisions, certificates and other documents as we have deemed appropriate or necessary as a basis for the opinions hereinafter expressed. We have also examined such other documents and considered such legal matters as we have deemed necessary and relevant as the basis for the opinion set forth below. With respect to such examination, we have assumed the genuineness of all signatures, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as reproduced or certified copies, and the authenticity of the originals of those latter documents.
Based upon the foregoing and in reliance thereon, it is our opinion that, as of the date hereof, the Shares to be issued upon exercise of the Warrants have been duly authorized by all necessary corporate action of the Company, and, upon the issuance and delivery of, and payment for, the Shares in the manner contemplated by the Warrants the Shares will be validly issued, fully paid and non-assessable.
This opinion is limited to the Federal law of the United States and the laws of the State of Nevada (including the statutory provisions and the reported judicial cases interpreting those laws currently in effect), and we express no opinion as to the laws of any other jurisdiction. This opinion is rendered pursuant to Item 601(b)(5)(i) of Regulation S-K under the Act. The opinions expressed in this opinion letter are as of the date of this opinion letter only and as to laws covered hereby only as they are in effect on that date, and we assume no obligation to update or supplement such opinions to reflect any facts or circumstances that may come to our attention after that date or any changes in law that may occur or become effective after that date. The opinions herein are limited to the matters expressly set forth in this opinion letter, and no opinion or representation is given or may be inferred beyond the opinions expressly set forth in this opinion letter.
We hereby consent to the filing of this opinion as an exhibit to the Registration Statement. In giving this consent, we do not thereby admit that we are within the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the Securities and Exchange Commission promulgated thereunder.
Sincerely, | |
/s/ ArentFox Schiff LLP |
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