other material
confidence high
sentiment neutral
materiality 0.35
Focus Universal reduces ATM offering size from $25M to $1M; no shares sold to date
FOCUS UNIVERSAL INC.
- On Feb 28, 2023, Focus Universal and agent Sutter Securities agreed to cut ATM offering maximum from $25M to $1M.
- No shares of common stock have been sold under the ATM program as of the March 1, 2023 supplement date.
- The Sales Agreement remains in full force and effect; only the aggregate gross sales price was reduced.
- The reduction was filed via Supplement No. 1 to the Prospectus Supplement on March 1, 2023.