secwatch.observer — SEC 8-K summary
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Issuer:     ENERGY FOCUS, INC/DE (EFOI)
CIK:        0000924168
Form:       8-K
Filed at:   2022-10-13T23:59:59+00:00
Accession:  0000924168-22-000083
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Energy Focus exchanges $205K promissory note for 385,918 shares of common stock
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924168/000092416822000083/0000924168-22-000083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924168/000092416822000083/efoi-20221010.htm
  HTML page:      https://secwatch.observer/filing/0000924168-22-000083

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