debt
confidence high
sentiment neutral
materiality 0.40
Energy Focus exchanges $205K promissory note for 385,918 shares of common stock
ENERGY FOCUS, INC/DE
- Entered Exchange Agreement with Streeterville Capital to exchange $205K Partitioned Note for 385,918 common shares.
- Exchange priced at-the-market under Nasdaq rules; no cash proceeds to Energy Focus.
- Exchange satisfies a Redemption Notice that would have required $205K cash redemption.
- Closing expected October 13, 2022; shares unregistered under Section 3(a)(9) exemption.