secwatch.observer — SEC 8-K summary
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Issuer:     ENERGY FOCUS, INC/DE (EFOI)
CIK:        0000924168
Form:       8-K
Filed at:   2022-12-15T23:59:59+00:00
Accession:  0000924168-22-000097
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Energy Focus exchanges $99.8K note for 271K shares with Streeterville Capital
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924168/000092416822000097/0000924168-22-000097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924168/000092416822000097/efoi-20221209.htm
  HTML page:      https://secwatch.observer/filing/0000924168-22-000097

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer