Welcome to our dedicated page for Focus Universal news (Ticker: $FCUV), a resource for investors and traders seeking the latest updates and insights on Focus Universal stock.
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Focus Universal Inc. announced the board approval for the spin-off of Lusher Inc., a move aimed at developing SEC Financial Reporting AI-Driven Automation Software for a potential IPO and Nasdaq listing. The spin-off will allow Focus Universal to focus on IoT technologies while Lusher Inc. focuses on AI software development. Shareholders will receive Lusher Inc. stock as a tax-free dividend, enhancing shareholder value. The market size for SEC financial reporting software is projected to grow significantly, highlighting the potential for automation technology in various sectors.