secwatch.observer — SEC 8-K summary
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Issuer:     FOCUS UNIVERSAL INC. (FCUV)
CIK:        0001590418
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0001683168-24-001218
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Focus Universal sells Ontario warehouse for $7.1M in sale-leaseback; leases back for 2 years
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- Purchase price $7,100,000; $3,550,000 cash upfront, $3,550,000 financed by buyer to close within 35-day contingency.
- Simultaneous 2-year leaseback at $39,585/month base rent; total $316,680 due on lease execution.
- CEO Desheng Wang personally guarantees the lease obligations via Guaranty of Lease.
- Closing expected 30 days after contingency satisfaction or waiver; property is 30,450 sq ft industrial building at 2311 E. Locust St, Ontario, CA.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590418/000168316824001218/0001683168-24-001218-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590418/000168316824001218/focus_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-001218

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