secwatch.observer — SEC 8-K summary
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Issuer:     ENERGY FOCUS, INC/DE (EFOI)
CIK:        0000924168
Form:       8-K
Filed at:   2023-07-05T23:59:59+00:00
Accession:  0000924168-23-000071
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Energy Focus raises $1.3M via private placement and appoints four new directors
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- Private placement of 746,875 shares at $1.76/share for gross proceeds of ~$1.3M, closed June 29.
- Four directors (Jennifer Cheng, Brian Lagarto, Jeffery Parker, Stephen Socolof) resigned June 28.
- Board appointed Kin-Fu Chen, Dr. Shou-Jang Lee, Jason Tien-Chia Tsai, Dr. Chao-Jen Huang on July 2.
- One purchaser, Jay Huang, is a board member; proceeds to be used for general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924168/000092416823000071/0000924168-23-000071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924168/000092416823000071/efoi-20230628.htm
  HTML page:      https://secwatch.observer/filing/0000924168-23-000071

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