secwatch.observer — SEC 8-K summary
======================================

Issuer:     ENERGY FOCUS, INC/DE (EFOI)
CIK:        0000924168
Form:       8-K
Filed at:   2023-01-11T23:59:59+00:00
Accession:  0000924168-23-000006
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924168/000092416823000006/0000924168-23-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924168/000092416823000006/efoi-20230105.htm
  HTML page:      https://secwatch.observer/filing/0000924168-23-000006

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