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Asset disposition

FOCUS UNIVERSAL INC. (FCUV) Create: Alert

All | News | Filings
Date FiledTypeDescription
07/17/2018 8-K Asset disposition
Docs: "Focus Universal Closes $10 Million Funding WALNUT, CA, July 17, 2018 /PRNewswire/ -- Focus Universal, Inc. , a developer of IOT technologies including its Universal Smart Instrumentation Platform , announced today that it has closed on the sale of 6,069,613 shares of its common stock for an aggregate purchase price of $10,621,823 or $1.75 per share. The company intends to use the net proceeds of this offering for business development, strategic acquisitions and general corporate purposes. “We are happy to announce the closing of this private placement” said Focus Universal CEO, Dr. Desheng Wang. “We plan to use the funds to expand the business around our patented IOT technology. We also plan to file an application to list our common stock on the NASDAQ later this year.” The Shares were off..."

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