Energy Focus sells 534,592 shares to CEO-affiliated entity in $0.85M private placement

ENERGY FOCUS, INC/DE

Sold 534,592 shares at $1.59/share to Sander Electronics Inc., controlled by CEO Jay Huang.
Gross proceeds ~$0.85M; placement closed on June 21, 2024.
Shares issued under Regulation S exemption; not registered under Securities Act.
Pricing based on prior day's Nasdaq closing price, representing fair market value.

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