secwatch.observer — SEC 8-K summary
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Issuer:     FOCUS UNIVERSAL INC. (FCUV)
CIK:        0001590418
Form:       8-K
Filed at:   2021-09-02T23:59:59+00:00
Accession:  0001683168-21-004047
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590418/000168316821004047/0001683168-21-004047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590418/000168316821004047/focus_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-21-004047

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