Focus Universal completes $11.5M IPO and uplists to Nasdaq Capital Market

FOCUS UNIVERSAL INC.

Sold 2.3M shares at $5.00, including 300K over-allotment, for gross proceeds of $11.5M.
Common stock began trading on Nasdaq Capital Market Aug 31, 2021 under FCUV; first day close at $5.10.
Net proceeds to fund R&D for Ubiquitor devices, manufacturing tooling, marketing, and working capital.
Underwriter received warrants for 161K shares at $6.25, exercisable for 5 years; lock-up for 180 days.
Existing stockholders and officers subject to 12-month lock-up; company banned from issuing equity for 365 days.

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