secwatch.observer — SEC 8-K summary
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Issuer:     FOCUS UNIVERSAL INC. (FCUV)
CIK:        0001590418
Form:       8-K
Filed at:   2023-07-17T23:59:59+00:00
Accession:  0001683168-23-004944
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Focus Universal amends stock purchase agreement, will repurchase 1.3M shares for $1.965M
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- Amendment increases shares to be repurchased from 400,000 to 1,300,000 from two non-affiliate shareholders.
- Total purchase price reduced to $1,965,000 from originally $2,000,000, implying ~$1.51 per share.
- Sellers are Steven Lu and Hong Dong; 750,000 shares from Dong, 550,000 from Lu.
- Amendment references a settlement and release agreement executed concurrently.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590418/000168316823004944/0001683168-23-004944-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590418/000168316823004944/focus_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-004944

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