FOCUS UNIVERSAL INC. Enters Material Definitive Agreement
Ticker: FCUV · Form: 8-K · Filed: Jan 11, 2024 · CIK: 1590418
Complexity: simple
Sentiment: neutral
Topics: material-agreement, corporate-event, undisclosed-terms
TL;DR
**FOCUS UNIVERSAL INC. signed a big deal, but we don't know what it is yet.**
AI Summary
FOCUS UNIVERSAL INC. filed an 8-K on January 11, 2024, reporting an "Entry into a Material Definitive Agreement" on January 9, 2024. While the filing indicates a significant agreement, it does not disclose the specific details, parties, or financial terms of this agreement. This lack of transparency means investors are currently in the dark about the potential impact, making it difficult to assess how this development might affect the company's future performance or stock value.
Why It Matters
This filing signals a potentially significant business change for FOCUS UNIVERSAL INC., but without details, investors cannot evaluate its financial implications or strategic importance.
Risk Assessment
Risk Level: medium — The filing indicates a material agreement without providing any details, creating uncertainty and potential for future volatility once specifics are disclosed.
Analyst Insight
A smart investor would monitor for subsequent filings (like a 10-Q or another 8-K) that provide specific details about the "Material Definitive Agreement" before making any investment decisions, as the current filing lacks actionable information.
Key Players & Entities
- FOCUS UNIVERSAL INC. (company) — the registrant filing the 8-K
- January 9, 2024 (date) — date of the earliest event reported (entry into material definitive agreement)
- January 11, 2024 (date) — date the 8-K was filed
- Nevada (company) — state of incorporation for FOCUS UNIVERSAL INC.
- FCUV (company) — trading symbol for FOCUS UNIVERSAL INC. common stock
- The Nasdaq Stock Market LLC (Nasdaq Global Market) (company) — exchange where FOCUS UNIVERSAL INC. common stock is registered
FAQ
What is the specific nature of the "Material Definitive Agreement" entered into by FOCUS UNIVERSAL INC. on January 9, 2024?
The filing states that FOCUS UNIVERSAL INC. entered into a "Material Definitive Agreement" on January 9, 2024, but it does not provide any specific details about the nature, terms, or parties involved in this agreement.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 9, 2024, which is the date FOCUS UNIVERSAL INC. entered into the Material Definitive Agreement.
What is the trading symbol and exchange for FOCUS UNIVERSAL INC.'s common stock?
FOCUS UNIVERSAL INC.'s common stock trades under the symbol FCUV on The Nasdaq Stock Market LLC (Nasdaq Global Market).
What is the business address and phone number of FOCUS UNIVERSAL INC. as listed in the filing?
The business address for FOCUS UNIVERSAL INC. is 2311 East Locust Street, Ontario, California, 91761, and its telephone number is (626) 272-3883.
Why did FOCUS UNIVERSAL INC. file this 8-K?
FOCUS UNIVERSAL INC. filed this 8-K under Item 1.01, "Entry into a Material Definitive Agreement," to disclose that it has entered into such an agreement, as required by SEC regulations for significant corporate events.
Filing Stats: 473 words · 2 min read · ~2 pages · Grade level 11.9 · Accepted 2024-01-10 17:47:10
Key Financial Figures
- $0.001 — nge on which registered Common stock, $0.001 par value per share FCUV The Nasdaq S
- $5 million — or series of promissory notes of up to $5 million with one or more lenders. The Company a
- $300,000 — lenders. The Company accepted the first $300,000 tranche on January 9, 2024 (the "Loan")
- $25,408.11 b — will pay Lender in 12 equal payments of $25,408.11 beginning on the Due Date. On January 9,
Filing Documents
- focus_8k.htm (8-K) — 23KB
- 0001683168-24-000184.txt ( ) — 190KB
- fcuv-20240109.xsd (EX-101.SCH) — 3KB
- fcuv-20240109_lab.xml (EX-101.LAB) — 33KB
- fcuv-20240109_pre.xml (EX-101.PRE) — 22KB
- focus_8k_htm.xml (XML) — 3KB
01
Item 1.01 Entry into a Material Definitive Agreement. On January 2, 2024, the board of directors of Focus Universal Inc. (the "Company") authorized the Company to enter into a revolving credit facility or series of promissory notes of up to $5 million with one or more lenders. The Company accepted the first $300,000 tranche on January 9, 2024 (the "Loan") with a private lender (the "Lender") whereby the Lender loaned $300,000 to the Company (the "Principal Amount"). The Loan has an annual 3% compound interest rate and matures on February 4, 2024 ("Due Date") whereby the Company will pay Lender in 12 equal payments of $25,408.11 beginning on the Due Date. On January 9, 2024, the Lender transferred the Principal Amount to the Company. SIGNATURE Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: January 10, 2024 FOCUS UNIVERSAL, INC. By: /s/ Desheng Wang Name: Desheng Wang Title: Chief Executive Officer 2