On June 21, 2024, Energy Focus Entered Into A ~$0.85M Securities Purchase Agreement With Sander Electronics Who Agreed To Issue And Sell In A Private Placement 534,592 Shares Of Common Stock For A Purchase Price Per Share Of $1.59
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Energy Focus, Inc. entered into a $0.85 million securities purchase agreement with Sander Electronics, issuing 534,592 shares of common stock at $1.59 per share in a private placement.
June 27, 2024 | 4:05 pm
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Energy Focus, Inc. (EFOI) entered into a $0.85 million securities purchase agreement with Sander Electronics, issuing 534,592 shares at $1.59 per share in a private placement.
The private placement will provide Energy Focus with additional capital, which can be used for growth and operational needs. The involvement of the CEO's controlled entity may also indicate strong internal confidence in the company's future prospects.
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