other material
confidence high
sentiment positive
materiality 0.60
Focus Universal buys back 400k shares from Steven Lu at $5.00, 47% discount to $9.50 close
FOCUS UNIVERSAL INC.
- 400,000 shares repurchased from Steven Lu at $5.00/share for total $2,000,000.
- First $1,000,000 paid on Oct 6, 2022; remaining $1,000,000 due within 180 days.
- Repurchase price represents ~47% discount to Oct 6 closing price of $9.50.