Focus Universal Inc. Files 8-K: Material Agreement & Equity Sales
Ticker: FCUV · Form: 8-K · Filed: Sep 18, 2024 · CIK: 1590418
Sentiment: neutral
Topics: material-agreement, equity-sale, filing
TL;DR
Focus Universal Inc. signed a big deal and sold some stock on Sept 16th. Details to follow.
AI Summary
On September 16, 2024, Focus Universal Inc. entered into a material definitive agreement. The company also reported on unregistered sales of equity securities and filed financial statements and exhibits. The exact nature of the definitive agreement and the details of the equity sales are not specified in this filing.
Why It Matters
This filing indicates significant corporate activity, including a new material agreement and equity transactions, which could impact the company's financial structure and future operations.
Risk Assessment
Risk Level: medium — The filing mentions a material definitive agreement and unregistered equity sales, which can introduce financial and operational risks if not managed properly.
Key Players & Entities
- Focus Universal Inc. (company) — Registrant
- September 16, 2024 (date) — Date of Earliest Event Reported
FAQ
What is the nature of the material definitive agreement entered into by Focus Universal Inc. on September 16, 2024?
The filing states that Focus Universal Inc. entered into a material definitive agreement on September 16, 2024, but the specific details of this agreement are not provided in the provided text.
What type of equity securities were sold by Focus Universal Inc. under unregistered sales?
The filing mentions unregistered sales of equity securities by Focus Universal Inc., but the specific type and amount of securities are not detailed in the provided text.
What are the key financial statements and exhibits filed by Focus Universal Inc. with this 8-K?
The filing indicates that financial statements and exhibits were filed, but the content of these documents is not described in the provided text.
Where is Focus Universal Inc. primarily located based on the filing?
Focus Universal Inc.'s principal executive offices are located at 2311 East Locust Street, Ontario, California, 91761.
What is the fiscal year end for Focus Universal Inc.?
Focus Universal Inc.'s fiscal year ends on December 31st.
Filing Stats: 612 words · 2 min read · ~2 pages · Grade level 11.5 · Accepted 2024-09-18 16:05:27
Key Financial Figures
- $0.001 — nge on which registered Common stock, $0.001 par value per share FCUV The Nasdaq S
- $1,290,000 — tors for an aggregate purchase price of $1,290,000, or $0.30 per share (the "Private Place
- $0.30 — regate purchase price of $1,290,000, or $0.30 per share (the "Private Placement"). I
Filing Documents
- focus_8k.htm (8-K) — 29KB
- focus_ex1001.htm (EX-10.1) — 85KB
- 0001683168-24-006487.txt ( ) — 303KB
- fcuv-20240916.xsd (EX-101.SCH) — 3KB
- fcuv-20240916_lab.xml (EX-101.LAB) — 33KB
- fcuv-20240916_pre.xml (EX-101.PRE) — 24KB
- focus_8k_htm.xml (XML) — 3KB
01
Item 1.01 Entry into a Material Definitive Agreement. The information set forth in Item 3.02 of this Current Report on Form 8-K is incorporated into this Item 1.01 by reference.
02
Item 3.02 Unregistered Sales of Equity Securities. Closing of Private Placement On or about September 18, 2024, Focus Universal Inc. (the "Company", "we", "us" or "our") completed the sale of 4,300,000 shares of Common Stock (the "Shares") in a private placement to certain eligible investors for an aggregate purchase price of $1,290,000, or $0.30 per share (the "Private Placement"). In connection with the Private Placement, on or about September 18, 2024, the Company entered into a subscription agreement with each investor. The Shares were offered and sold in a private placement to certain eligible investors pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended (the " Securities Act "). The Shares have not been registered under the Securities Act, or the securities laws of any other jurisdiction, and may not be offered or sold in the United States absent registration under or an applicable exemption from such registration requirements. This Current Report on Form 8-K does not constitute an offer to sell, or a solicitation of an offer to purchase, the Shares in any jurisdiction in which such offer or solicitation would be unlawful.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 F orm of Subscription Agreement between the Company and certain purchasers, dated September 17, 2024 104 Cover Page Interactive Data File, formatting Inline Extensible Business Reporting Language (iXBRL). 2 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: September 18, 2024 FOCUS UNIVERSAL, INC. By: /s/ Desheng Wang Name: Desheng Wang Title: Chief Executive Officer 3