secwatch.observer — SEC 8-K summary
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Issuer:     ENERGY FOCUS, INC/DE (EFOI)
CIK:        0000924168
Form:       8-K
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0000924168-23-000028
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Energy Focus raises $400k via private placement of 803,212 shares to director Mei Yun Huang at $0.4980/share
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- Gross proceeds of $400,000 from sale of 803,212 shares of common stock at $0.4980 per share.
- Purchaser is board member Mei Yun (Gina) Huang; transaction is an insider private placement.
- Shares issued in unregistered offering exempt under Section 4(a)(2) and Regulation D.
- Proceeds will be used for general corporate purposes; no other material terms disclosed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924168/000092416823000028/0000924168-23-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924168/000092416823000028/efoi-20230224.htm
  HTML page:      https://secwatch.observer/filing/0000924168-23-000028

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