Focus Universal to sell 3.75M shares at 32c in registered direct offering

Focus Universal has entered into securities purchase agreements with a single institutional investor for the purchase and sale of 3,750,000 shares of common stock in a registered direct offering. The purchase price of each share is $0.32. The aggregate gross proceeds to the Company are expected to be approximately $1.2 million. The transaction is expected to close on or about September 17, 2024, subject to the satisfaction of customary closing conditions. Proceeds from the offering will be used, in part, to continue to build and launch the new software product platform under Lusher Inc. Univest Securities is acting as the placement agent for the Offering. Corporate Securities Legal LLP is acting as counsel to the Company for the offering.