---
schema_version: "secwatch.filing_event.v1"
accession: "0000924168-23-000006"
form_type: "8-K"
ticker: "EFOI"
cik: "0000924168"
company_name: "ENERGY FOCUS, INC/DE"
filed_at: "2023-01-11T23:59:59+00:00"
generated_at: "2026-06-20T16:48:13.619692+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Energy Focus raises $250k via private placement with board member Mei-Yun Huang

## Summary
- Issued 257,798 shares at $0.3879/share on Jan 5, 2023 to board member Mei-Yun Huang.
- Issued 325,803 shares at $0.4604/share on Jan 10, 2023 to same purchaser.
- Total gross proceeds of $250,000 before expenses; shares unregistered (Section 4(a)(2)).
- Placements priced at fair market value under Nasdaq rules, representing insider investment.
- Funds used for general corporate purposes; no specific use disclosed.

## SEC filing metadata
- accession: 0000924168-23-000006
- form_type: 8-K
- ticker: EFOI
- cik: 0000924168
- company_name: ENERGY FOCUS, INC/DE
- filed_at: 2023-01-11T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/924168/000092416823000006/0000924168-23-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/924168/000092416823000006/efoi-20230105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000924168-23-000006
- JSON: https://secwatch.observer/filing/0000924168-23-000006.json
- Plain text: https://secwatch.observer/filing/0000924168-23-000006.txt

## Key facts
- Material Agreements
  ENERGY FOCUS, INC/DE entered into January 5 Purchase Agreement with Mei-Yun (Gina) Huang valued at $250 thousand (effective 2023-01-05).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Mei-Yun (Gina) Huang
  - Value: $250 thousand
  - Effective: 2023-01-05
  source text: On January 5, 2023, Energy Focus, Inc. (the “Company”) entered into a securities purchase agreement (the “January 5 Purchase Agreement”) with Mei-Yun (Gina) Huang, a member of the Company’s board of directors (the “Purchaser”), pursuant to which the Company agreed to issue and sell, in a private placement (the “January 5 Private Placement”) 257,798 shares (the “January 5 Shares”) of the Company’s common stock, par value $0.0001 per share (the “Common Stock”) for a purchase price of $0.3879 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/924168/000092416823000006/0000924168-23-000006-index.htm
- Material Agreements
  ENERGY FOCUS, INC/DE entered into Purchase Agreements with Mei-Yun (Gina) Huang valued at $250 thousand (effective 2023-01-10).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Mei-Yun (Gina) Huang
  - Value: $250 thousand
  - Effective: 2023-01-10
  source text: On January 10, 2023, the Company entered into a securities purchase agreement (collectively with the January 5 Purchase Agreement, the “Purchase Agreements”) with the Purchaser, pursuant to which the Company agreed to issue and sell, in a private placement (collectively with the January 5 Private Placement, the “Private Placements”) 325,803 shares (collectively with the January 5 Shares, the “Shares”) of the Company’s Common Stock for a purchase price of $0.4604 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/924168/000092416823000006/0000924168-23-000006-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.