other material
confidence high
sentiment neutral
materiality 0.40
Energy Focus exchanges $99.8K note for 271K shares with Streeterville Capital
ENERGY FOCUS, INC/DE
- Issued 271,412 shares in exchange for $99,825.43 principal amount of promissory note held by Streeterville Capital.
- No cash proceeds; exchange satisfies a redemption notice that would have required cash payment.
- Exchange priced at-the-market under Nasdaq rules; relies on Section 3(a)(9) exemption from registration.
- Original note dated April 27, 2021; exchange closed December 13, 2022.