Focus Universal Announces Pricing Of $1.2M Registered Direct Offering For The Purchase And Sale Of 3,.75M Shares Of Common Stock At A Purchase Price Of $0.32/ Share
Portfolio Pulse from Benzinga Newsdesk
Focus Universal Inc. (NASDAQ:FCUV) announced a registered direct offering of 3.75 million shares at $0.32 each, raising approximately $1.2 million. The proceeds will support the development of a new software product platform under Lusher Inc.
September 16, 2024 | 12:37 pm
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Focus Universal Inc. is conducting a registered direct offering of 3.75 million shares at $0.32 each, expected to raise $1.2 million. The funds will be used to develop a new software product platform under Lusher Inc.
The direct offering will dilute existing shares, which could put downward pressure on the stock price. However, the funds raised are intended for product development, which could be positive in the long term. The immediate impact is likely neutral as the market digests the news.
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