other material
confidence high
sentiment neutral
materiality 0.60
Focus Universal prices $1.2M registered direct offering of 3.75M shares at $0.32/share
FOCUS UNIVERSAL INC.
- Gross proceeds of ~$1.2M from sale of 3,750,000 shares of common stock at $0.32 per share.
- Placement agent Univest Securities receives 7% cash fee and $30,000 expense reimbursement.
- Proceeds will fund development and launch of new software platform under subsidiary Lusher Inc.
- Offering expected to close on or about September 17, 2024, subject to customary conditions.