Energy Focus sells 534,592 shares at $1.59 to CEO-controlled Sander

Energy Focus said it entered into a securities purchase agreement with Sander Electronics, a shareholder of the company controlled by Chiao Chieh Huang, CEO of Energy Focus, pursuant to which the company agreed to issue and sell in a private placement an aggregate of 534,592 shares of the common stock for a purchase price per share of $1.59. Aggregate gross proceeds to the company in respect of the private placement is approximately $850,000, before offering expenses payable by the company. The private placement was closed on June 21.