Business
Focus Universal Inc. Announces $4.0 Million Private Placement Priced at the Market Under Nasdaq Rules
WEST COVINA, CA - April 6, 2026 (NEWMEDIAWIRE) - Focus Universal Inc. (NASDAQ: FCUV) (the "Company"), a provider of patented hardware and software design
About this update from Focus Universal Inc.
[{"type":"text","content":"WEST COVINA, CA - April 6, 2026 (NEWMEDIAWIRE) - Focus Universal Inc. (NASDAQ: FCUV) (the \"Company\"), a provider of patented hardware and software design technologies for the Internet of Things (IoT), 5G, and AI-driven SEC financial reporting automation software, today announced that it has entered into definitive agreements with institutional investors for the purchase and sale of approximately $4.0 million of shares of Common Stock and pre-funded and investor warrants at a price of $3.58 per Common Unit. The entire transaction has been priced at the market under Nasdaq rules.\nThe offering consisted of the sale of 1,117,318 Common Units (or Pre-Funded Units), each consisting of (i) one (1) share of Common Stock or one (1) Pre-Funded Warrant, (ii) one (1) Series A PIPE Common Warrant to purchase one (1) share of Common Stock per warrant at an exercise price of $3.33 and (iii) one (1) Series B PIPE Common Warrant to purchase one (1) share of Common Stock per warrant at an exercise price of $3.33. The offering price per Common Unit is $3.58 (or $3.57999 for each Pre-Funded Unit, which is equal to the offering price per Common Unit sold in the offering minus an exercise price of $0.00001 per Pre-Funded Warrant). The Pre-Funded Warrants will be immediately exercisable and may be exercised at any time until exercised in full. For each Pre-Funded Unit sold in the offering, the number of Common Units in the offering will be decreased on a one-for-one basis. The initial exercise price of each Series A Common Warrant is $3.33 per share of Common Stock. The Series A Common Warrants are exercisable immediately and expire 24 months after the initial issuance date. The initial exercise price of each Series B Common Warrant is $3.33 per share of Common Stock. The Series B Common Warrants are exercisable immediately and expire 60 months after the initial issuance date.\nAggregate gross proceeds to the Company are expected to be approximately $4.0 million. The transaction is expected to close on or about April 7, 2026, subject to the satisfaction of customary closing conditions. The Company expects to use the net proceeds from the offering, together with its existing cash, for general corporate purposes and working capital.\nAegis Capital Corp. is acting as exclusive placement agent for the private placement. Corporate Securities Legal LLP i...