secwatch.observer — SEC 8-K summary
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Issuer:     ENERGY FOCUS, INC/DE (EFOI)
CIK:        0000924168
Form:       8-K
Filed at:   2023-10-05T23:59:59+00:00
Accession:  0000924168-23-000091
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Energy Focus raises $1.75M in private placement of 853,658 shares at $2.05/share
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- Gross proceeds ~$1.75M from sale of 853,658 common shares at $2.05 each.
- Private placement closed Sept 29, 2023; priced at Nasdaq Minimum Price, exempting shareholder approval.
- Shares issued in unregistered transaction under Section 4(a)(2) and Regulation D.
- Proceeds expected to be used for general corporate purposes and working capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924168/000092416823000091/0000924168-23-000091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924168/000092416823000091/efoi-20230929.htm
  HTML page:      https://secwatch.observer/filing/0000924168-23-000091

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