Focus Universal Inc. - FCUV STOCK NEWS

Focus Universal Inc. (NASDAQ: FCUV) announced that its common stock shares will follow NASDAQ's "due bill" procedures from February 23 through March 23, 2023, with an ex-dividend date of March 24, 2023. The company specializes in patented hardware and software design technologies for IoT and 5G, holding 26 patents and patents pending. Its technologies aim to tackle key industry challenges, promising cost reductions and improved efficiency. As a member of the Russell 2000 Index, Focus Universal is positioned within the Nasdaq Global Markets, indicating its relevance in the tech sector.

Focus Universal Inc. (NASDAQ:FCUV) announced on March 8, 2023, that its Board of Directors has proposed an increase in the authorized number of common stock. This move aims to facilitate potential stock dividends in the future. Shareholders will vote on this proposal during the upcoming 2022 Annual General Meeting. Focus Universal, recognized for its patented technologies in IoT and 5G, holds 26 patents and patents pending across five innovative platforms. The company's advancements are designed to enhance efficiency and reduce costs within the industry.

Focus Universal Inc. (NASDAQ: FCUV) has reduced its at-the-market (ATM) offering from $25 million to $1 million, initially filed on December 12, 2022. CEO Desheng Wang emphasized the company’s robust financial health, highlighting no debt and a strong cash position. The company’s warehouse, valued at approximately $12 million, reflects rising demand in the real estate market. Additionally, the acquisition of AT Tech Systems has resulted in several closed contracts, expected to enhance future financial reports. Wang noted that a larger ATM is not suitable at this time, indicating that they have not sold any shares under this agreement.

Focus Universal Inc. (NASDAQ:FCUV) has appointed former SEC Enforcement attorney Mark David Hunter to investigate potential naked short selling and market manipulation of its stock. This move is part of a broader strategy to combat illegal trading activities. Recent analyses indicate approximately 6 million shares have been sold short, exceeding 200% of tradable shares. The Company aims to enhance investor communication while pursuing legal action against those engaging in unlawful practices. Focus Universal specializes in IoT and 5G technologies and has developed multiple patented platforms to address industry challenges.

Focus Universal Inc. (NASDAQ:FCUV) announced the hiring of Shareholder Intelligence Services to investigate suspected illegal naked short selling and market manipulation activities. CEO Dr. Desheng Wang expressed concerns over trading patterns that may indicate manipulation aimed at depressing stock prices. The company plans to take legal action against identified wrongdoers. Key strategies include issuing a special dividend to expose manipulators and pursuing legal avenues against those spreading false information. Focus Universal believes these actions will help protect shareholders and make stock manipulation more difficult in the future.

Focus Universal (NASDAQ:FCUV) announced a special stock dividend of one share for every two shares outstanding, resulting in a 50% increase in shares. As of February 7, 2023, the company had 43,130,915 shares outstanding, which will increase to 64,696,373 shares post-dividend. The record date is set for February 23, 2023, with the payment date on March 23, 2023. This dividend acknowledges shareholders' support during challenging times and aligns with the company's long-term strategic goals. Focus Universal develops patented technologies aimed at enhancing efficiency in the IoT and 5G markets.

Focus Universal Inc. (NASDAQ:FCUV) updated shareholders on January 5, 2023, detailing the appointment of Anthony Tejada as Vice President of Operations for AVX, enhancing its leadership team. The company introduced several new IoT devices, including CO2 and TDS meters, and received a patent for honeycomb-activated carbon filters, which are lighter and more efficient. Focus Universal also filed for a $25 million at-the-market offering, citing a strong cash position of over $5 million. The company continues to advance technologies aimed at improving design efficiency and cost savings in the IoT sector.

Focus Universal Inc. (NASDAQ:FCUV) has appointed Irving Kau as its new Chief Financial Officer, effective November 18, 2022. Previously the Vice President of Finance, Kau succeeds Duncan Lee, who will transition to Vice President of Accounting. The company highlights Kau's extensive experience and commitment, acknowledging his potential to enhance shareholder value. Focus Universal specializes in patented IoT and 5G technologies, holding 26 patents with several pending. The firm is listed on the Nasdaq Global Markets and is part of the Russell 2000 Index.

Focus Universal Inc. (NASDAQ:FCUV) has announced its inclusion as one of the first ten companies on the new Webull Corporate Communication services platform. This initiative aims to enhance direct communication with shareholders, offering instant notifications on corporate news, earnings reports, and presentations. Focus Universal develops patented technologies for IoT and 5G, with a focus on reducing costs and improving efficiency. The company currently holds 24 patents pending and is listed in the Russell 2000 Index.