secwatch.observer — SEC 8-K summary
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Issuer:     ENERGY FOCUS, INC/DE (EFOI)
CIK:        0000924168
Form:       8-K
Filed at:   2024-06-27T23:59:59+00:00
Accession:  0001628280-24-030269
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 sells 534,592 shares to CEO-affiliated entity in $0.85M private placement
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924168/000162828024030269/0001628280-24-030269-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924168/000162828024030269/efoi-20240621.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-030269

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