Focus Universal Inc. Announces Commencement of Trading on The NASDAQ Capital Market Today as "FCUV"

Rhea-AI Summary

Focus Universal Inc. (NASDAQ:FCUV) has commenced trading on the NASDAQ Capital Market as of August 31, 2021. The company priced its public offering of 2,000,000 common shares at $5.00 each, generating gross proceeds of $10 million before expenses. The offering is expected to close around September 2, 2021, subject to standard conditions. Focus Universal is a provider of advanced hardware and software technologies for IoT and 5G, boasting four patented technologies aimed at improving hardware design and network communication.

Positive

• Successfully commenced trading on the NASDAQ Capital Market.
• Raised $10 million from the public offering of 2,000,000 shares.

Negative

• Market conditions and the completion of the offering are uncertain.

ONTARIO, CA / ACCESSWIRE / August 31, 2021 / Focus Universal Inc. (NASDAQ:FCUV) ("Focus Universal" or the "Company"), a Universal Smart Instrumentation Platform ("USIP") developer and Universal Smart Device ("USD") manufacturer, announces that its shares are expected to commence trading today on the NASDAQ Capital Market under the ticker symbol "FCUV".

On August 30, 2021, the Company priced its firm commitment underwritten public offering (the "Offering") of 2,000,000 common shares at a public offering price of $5.00 per share. The gross proceeds to the Company from the Offering were $10,000,000, before deducting underwriting discounts, commissions and other expenses.

The Offering is expected to close on or about September 2, 2021, subject to customary closing conditions.

The securities described above are being sold by Focus Universal pursuant to a registration statement, as amended, filed by the Company with the Securities and Exchange Commission (the "SEC"), which was declared effective on August 30, 2021. The Offering has been made only by means of a prospectus. A copy of the final prospectus related to the Offering may be obtained, when available, from Boustead Securities, LLC, via email: offerings@boustead1828.com or by calling +1 (949) 502-4408 or standard mail at Boustead Securities, LLC, Attn: Equity Capital Markets, 6 Venture, Suite 395, Irvine, CA 92618, USA. In addition, a copy of the final prospectus relating to the Offering may be obtained via the SEC's website at www.sec.gov.

About Focus Universal:

Focus Universal Inc. (NASDAQ:FCUV) is a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G. The company has developed four disruptive patented technologies to solve the major problems facing hardware design, hardware production, software design and network communication facing both industries today: (1) Universal Smart Instrumentation Platform; (2) Natural Integrated Programmable Language; (3) Ultra Narrowband Power Line Communications; (4) Ultra Narrowband Wireless Communication;

Forward Looking Statements:

Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and the completion of the public offering on the anticipated terms or at all, and other factors discussed in the "Risk Factors" section of the preliminary prospectus filed with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof, and Focus Universal specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

For investor and media inquiries, please contact:
The Blueshirt Group, for Focus Universal
Lauren Sloane
Lauren@blueshirtgroup.com

For Company inquiries, please contact:
Desheng Wang
626-272-3883
IR@focusuniversal.com

For Underwriter inquiries, please contact:
Boustead Securities, LLC
Daniel J. McClory, Head of Equity Capital Markets
Tel: +1 949 502 4408
Email: dan@boustead1828.com

SOURCE: Focus Universal Inc.

View source version on accesswire.com:
https://www.accesswire.com/662139/Focus-Universal-Inc-Announces-Commencement-of-Trading-on-The-NASDAQ-Capital-Market-Today-as-FCUV

FAQ

What is the trading date for Focus Universal Inc. (FCUV) stock?

Focus Universal Inc. commenced trading on the NASDAQ Capital Market on August 31, 2021.

How much did Focus Universal raise in its public offering?

Focus Universal raised $10 million by offering 2,000,000 shares at a price of $5.00 per share.

When is the expected closing date for Focus Universal's offering?

The offering is expected to close around September 2, 2021.

What are the main technologies developed by Focus Universal?

Focus Universal has developed four patented technologies for IoT and 5G, including Universal Smart Instrumentation Platform and Ultra Narrowband Communication.