Highest-materiality recent filing
Focus Universal adjourns 2026 annual meeting to Aug 18 due to insufficient quorum
Annual meeting convened June 19, 2026, but adjourned without conducting business because insufficient votes for a quorum.
Focus Universal announces 4:1 reverse stock split to meet Nasdaq minimum bid price
Reverse split at 4:1 ratio effective June 23, 2026; no fractional shares, cash in lieu.
Focus Universal regains Nasdaq equity compliance after Series B conversion and $4M warrant offering
Company now believes it meets Nasdaq's $2.5M stockholders' equity minimum under Listing Rule 5550(b)(1).
Focus Universal acquires Class A office building in Monterey Park for $17.7M
Acquired 901 Corporate Center Drive, Monterey Park, CA for $17.7M (excl. closing costs) via subsidiary Lusher Holding LLC.
Focus Universal closes $4.0M private placement of Common Units and warrants
Gross proceeds of $4.0M from sale of 1,117,318 units at $3.58/unit.
Reverse split approved by board on Jan 27, 2026; ratio 1-for-10, effective 12:01 a.m. ET Feb 9.
Focus Universal gets conditional Nasdaq compliance; delisting risk if next report fails
Received conditional compliance letter from Nasdaq on Dec 22, 2025 for continued listing rule 5550(b)(1).
Focus Universal regains Nasdaq compliance via $3M Series A conversion
Raised $3M from sale of 750K Series A Preferred at $4/share, led by Chairman Edward Lee.
On December 5, 2025, Focus Universal filed an amendment to its Series B Convertible Preferred Stock certificate.
Focus Universal converts all Series A Preferred Stock into 825,000 common shares
All 750,000 Series A Preferred shares converted into 825,000 restricted common shares (1.1:1 ratio).
Focus Universal closes $10M preferred equity offering; chairman invests $2M
Closed October 23, 2025: $10M gross proceeds from Series A ($3M) and Series B ($7M) preferred stock; net ~$9.44M.
Focus Universal enters ATM sales agreement to sell up to $3.55M of common stock
Entered into at-market issuance sales agreement with Ladenburg Thalmann & Co. Inc. for up to $3,547,506 of common stock.
Focus Universal receives Nasdaq delisting notice for MVLS below $35M
Received Nasdaq notice on June 30, 2025 for violating Listing Rule 5550(b)(2) (MVLS below $35 million).
Focus Universal shareholders approve increase in authorized shares and preferred stock authorization
All six proposals passed at annual meeting on June 20, 2025; quorum of 5,555,398 shares out of 7,124,013 outstanding.
Focus Universal Regains Compliance with Nasdaq Minimum Bid Price Requirement
Received formal confirmation from Nasdaq on February 20, 2025 that it regained compliance with Listing Rule 5550(a)(2).
Focus Universal to effect 1-for-10 reverse stock split on Jan 31, 2025
Reverse split at 10:1 ratio, effective Jan 31, 2025; outstanding shares drop from ~74M to ~7.4M.
Focus Universal increases authorized common stock from 75M to 150M shares
Shareholders approved the increase at the Nov 29, 2024 annual meeting.
Focus Universal shareholders approve doubling of authorized common stock; all directors elected
All five director nominees elected, including Dr. Desheng Wang with 45,936,136 votes for.
Focus Universal enters up to $20M common stock purchase agreement with Alumni Capital LP
Commitment of up to $20M over 3 years at 91% of 5-day VWAP.
Focus Universal regains compliance with Nasdaq MVPHS rule, matter closed
On Sept 25, 2024, Nasdaq Staff confirmed MVPHS ≥ $1M for 10 consecutive business days.
Focus Universal transfers to Nasdaq Capital Market; granted 180-day bid price compliance extension
Listing transfers from Nasdaq Global Market to Capital Market effective Sept 23, 2024; ticker FCUV unchanged.
Focus Universal raises $1.29M in private placement of 4.3M shares at $0.30 each
Closed private placement of 4,300,000 shares at $0.30 per share for aggregate proceeds of $1,290,000.
Focus Universal prices $1.2M registered direct offering of 3.75M shares at $0.32/share
Gross proceeds of ~$1.2M from sale of 3,750,000 shares of common stock at $0.32 per share.
Focus Universal sells Ontario warehouse for $7.46M, leases back for one year at $16,804/mo
Sold warehouse at 2311 E Locust St, Ontario, CA for $7,460,250; $2,611,087.50 cash paid, $4,849,162.50 pending financing approval.
Focus Universal VP and Chief Strategy Officer Warren Wang resigns, effective June 12, 2024
Warren Wang resigned as VP and Chief Strategy Officer of Focus Universal on June 12, 2024.
Focus Universal board approves spin-off of subsidiary Lusher Inc.
Board approved spin-off of wholly owned subsidiary Lusher Inc.; shares to be distributed as dividend.
Focus Universal receives Nasdaq delisting notice for MVPHS below $15M
Received Nasdaq letter on May 9, 2024: MVPHS below $15M for 32 consecutive trading days.
Focus Universal board approves spin-off of subsidiary Lusher Inc. for Nasdaq listing
Board approved spin-off of Lusher Inc., which will focus on AI-driven SEC financial reporting software.
Focus Universal appoints Warren Wang as VP and Chief Strategy Officer
Warren Wang hired April 5, 2024 as VP/Chief Strategy Officer, overseeing capital market transactions.
Focus Universal receives Nasdaq deficiency notices for bid price and market value
Bid price below $1.00 for 30 consecutive business days as of March 20, 2024.
Focus Universal sells Ontario warehouse for $7.1M in sale-leaseback; leases back for 2 years
Purchase price $7,100,000; $3,550,000 cash upfront, $3,550,000 financed by buyer to close within 35-day contingency.
Focus Universal dismisses Reliant CPA PC, engages Weinberg & Company as auditor
Reliant CPA PC dismissed as auditor on January 12, 2024; no disagreements or reportable events.
Focus Universal enters $300K loan at 3% as first tranche of $5M credit facility
Board authorized up to $5M revolving credit facility on Jan 2, 2024; first $300,000 tranche funded Jan 9.
Focus Universal amends stock purchase agreement, will repurchase 1.3M shares for $1.965M
Amendment increases shares to be repurchased from 400,000 to 1,300,000 from two non-affiliate shareholders.
Focus Universal shareholders approve 10x increase in authorized shares to 750M
Directors elected: Dr. Desheng Wang (25.35M for), Dr. Edward Lee (24.90M for), Michael Pope (24.31M for), Carine Clark (24.53M for), Sean Warren (25.29M for).
Focus Universal reduces board from 7 to 5; two directors resign, new committee assignments
Jennifer Gu resigned as board member effective June 2, 2023, citing no disagreement with the company.
Focus Universal announces $7M share repurchase program; CEO cites attractive valuation
Board authorized repurchase of up to $7M of common stock through open market or private transactions.
Focus Universal amends 8-K to clarify post-dividend trading date for 50% stock dividend
Record date for 50% stock dividend remains Feb 23, 2023; payment date remains March 23, 2023.
Focus Universal reduces ATM offering size from $25M to $1M; no shares sold to date
On Feb 28, 2023, Focus Universal and agent Sutter Securities agreed to cut ATM offering maximum from $25M to $1M.
Focus Universal declares 50% stock dividend (1 for 2) payable March 23
Record date for the stock dividend is February 23, 2023; payment date is March 23, 2023.
Focus Universal dismisses BF Borgers CPA, engages Reliant CPA as new auditor
Dismissed BF Borgers CPA PC as auditor on Jan 19, 2023, citing partner and personnel movement.
Focus Universal enters into $25M at-the-market equity offering agreement with Sutter Securities
Entered into Sales Agreement with Sutter Securities to sell up to $25M of common stock in ATM offering.
Focus Universal appoints Irving Kau as CFO; Duncan Lee remains as VP of Accounting
Irving Kau appointed CFO effective Nov 18, 2022; previously VP of Finance and Head of IR.
Focus Universal buys back 400k shares from Steven Lu at $5.00, 47% discount to $9.50 close
400,000 shares repurchased from Steven Lu at $5.00/share for total $2,000,000.
5%+ shareholders voluntarily locked up ~59.3% of outstanding shares until August 30, 2023.
Focus Universal shareholders elect all 7 directors and ratify auditor at 2022 annual meeting
All 7 director nominees elected; Dr. Wang received 25,824,118 votes for, 1,830 withheld.
Director Greg Butterfield resigns from Focus Universal board effective June 24, 2022
Greg Butterfield resigned from the Board of Directors and all committees immediately.
Focus Universal completes $11.5M IPO and uplists to Nasdaq Capital Market
Sold 2.3M shares at $5.00, including 300K over-allotment, for gross proceeds of $11.5M.
On June 12, 2024, Warren Wang notified Focus Universal Inc. (the “Company”) of his decision to resign as its Vice President and Chief Strategy Officer, effective immediately.
On April 5, 2024, Focus Universal Inc. (the “Company”) hired Warren Wang as its Vice President and Chief Strategy Officer.
Also on June 2, 2023, Sheri Lofgren notified the Company of her decision to resign as a member of the Board, the compensation committee and the audit committee and as chairperson of the audit committee, effective immediately.
on June 2, 2023, Jennifer Gu notified Focus Universal Inc. (the “Company”) of her decision to resign as a member of the Board of Directors of the Company (the “Board”), effective immediately.
On November 18, 2022, the Board of Directors (the “Board”) of Focus Universal Inc. (the “Company”) appointed Irving Kau as the Chief Financial Officer of the Company.
The outgoing Chief Financial Officer, Duncan Lee, will remain with the Company and serve as Vice President of Accounting.
On June 24, 2022, Greg Butterfield notified Focus Universal Inc. (the “Company”) of his decision to resign as a member of the Board of Directors of the Company (the “Board”) and all committees thereof, effective immediately.
Max materiality 0.75 · Median 0.60 · Most common event other_material