Focus Unvl Inc - FCUV STOCK NEWS

Focus Universal (Nasdaq: FCUV), an IoT and 5G technology provider, has announced a 1-for-10 reverse stock split of its common stock, effective January 31, 2025. The split was approved by the board of directors on August 7, 2024.

Following the split, every 10 shares of issued and outstanding common stock will be combined into one share. The company will continue trading under the symbol 'FCUV' on Nasdaq but with a new CUSIP Number (34417J 203). The par value per share will remain unchanged.

Proportional adjustments will be made to equity awards, securities, warrants, and shares reserved for equity incentive plans. VStock Transfer, will serve as the exchange agent. Stockholders holding shares electronically or in brokerage accounts will have their positions automatically adjusted.

Focus Universal Inc. (NASDAQ:FCUV) announced its participation at CES 2025, where it will showcase its universal smart device Ubiquitor and universal smart IoT platform. The Ubiquitor can connect to unlimited sensors at a cost approaching that of sensors alone. The company's universal smart platform allows engineers to start IoT projects with 90% of the foundation complete, significantly reducing development costs and simplifying design processes.

The company's universal smart App eliminates the need for multiple IoT-specific apps, streamlining development. Focus Universal's SEC Financial Reporting software claims to be 1,000 times faster than traditional manual methods. The presentation will take place at booth 9877 in the North Hall Showcase of the Las Vegas Convention Center, January 7-10, 2025.

Focus Universal (NASDAQ:FCUV) has appointed Professor Shivaram Rajgopal to its Advisory Board. Prof. Rajgopal, currently serving as the Roy Bernard Kester and T.W. Byrnes Professor at Columbia Business School, brings extensive expertise in accounting, financial reporting, and auditing. The appointment aims to strengthen the company's AI-driven SEC Financial Reporting Automation Software development. The company operates in the financial reporting software market, valued at $13.9 Billion in 2022 and projected to reach $36.6 Billion by 2030, growing at a 12.8% CAGR from 2024 to 2030.

Focus Universal Inc. (NASDAQ:FCUV) announced its approval to transfer from the Nasdaq Global Market to the Nasdaq Capital Market, effective September 23, 2024. The company's shares will continue trading under the ticker symbol "FCUV". Nasdaq granted Focus Universal an additional 180-day period to regain compliance with the minimum bid price requirement of $1.00 per share for at least ten consecutive business days.

CEO Desheng Wang highlighted the company's recent success in raising approximately $2.49 million in direct investment. The funds will be used to develop and launch a new software product platform under Lusher Inc. Wang also emphasized the company's advanced SEC financial reporting automation technology, which operates 1000 times faster than traditional manual methods, noting its large market potential and enthusiastic support from viewers.

Focus Universal Inc. (NASDAQ:FCUV), an IoT and 5G technology provider, has announced a $1.2 million registered direct offering. The company will sell 3,750,000 shares of common stock at $0.32 per share to a single institutional investor. The offering is expected to close on September 17, 2024, subject to customary conditions. Univest Securities is acting as the placement agent, and Corporate Securities Legal LLP is serving as legal counsel. Proceeds will partly fund the development and launch of a new software product platform under Lusher Inc. The offering is made pursuant to an effective S-3 registration statement filed with the SEC.

Focus Universal Inc. (NASDAQ:FCUV), a provider of patented hardware and software design technologies for IoT and 5G, has announced its participation in the H.C. Wainwright 26th Annual Global Investment Conference from September 9-11, 2024, in New York City. The company invites investors to arrange 1x1 meetings during the conference through H.C. Wainwright representatives.

For investors unable to attend the conference, Focus Universal is offering meeting opportunities in NYC from September 5-11. The company is eager to showcase its advanced SEC financial reporting automation technology, which operates 1,000 times faster than traditional manual methods. Interested parties can contact Skyline Corporate Communications Group or Focus Universal directly to schedule meetings.

Focus Universal (NASDAQ:FCUV) has announced a groundbreaking advancement in SEC financial reporting software. The company's new technology operates thousands of times faster than traditional manual methods, generating comprehensive financial reports (10-K, 10-Q, S-1) in about 20 minutes with a single click. This efficiency significantly reduces the time and resources typically required for financial reporting, which can take weeks using conventional approaches.

The software enables unmanned document processing, operating 24/7 and eliminating human error risks. Focus Universal plans to expand its application to accounting, freight forwarding, insurance, and tax filing. The company is conducting nationwide non-deal roadshows to showcase this technology to potential investors. The financial reporting software market is projected to grow from $13.9 billion in 2022 to $36.6 billion by 2030, with a CAGR of 12.8% from 2024 to 2030.

Focus Universal will attend the IoT Tech Expo North America 2024, held at the Santa Clara Convention Center from June 5-6, 2024. This event is a major gathering for global IoT and enterprise technology, featuring 650 exhibitors and 550 speakers. Focus Universal aims to showcase its patented IoT and 5G technologies, networking with industry leaders to highlight their impact on various sectors like water treatment, agriculture, and electric power technology.

The expo will cover a range of topics including Cyber Security, Edge Computing, AI, and Digital Transformation, attracting a diverse audience from different industries and governmental sectors. CFO Irving Kau emphasizes the importance of this event for expanding the company's market reach and demonstrating their technological advancements.

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.