Focus Universal Raises $4 Million in Private Placement; Signs Purchase, Registration and Placement Agent Pacts
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Focus Universal has successfully raised $4 million through a private placement of Common Units, priced in accordance with Nasdaq rules. The deal includes a Securities Purchase Agreement with a private accredited investor, comprising one share (or a pre-funded warrant) and two exercisable warrants at $3.33, expiring in 24 and 60 months. The company also signed a Registration Rights Agreement to file a resale registration within 15 days and engaged Aegis Capital as the placement agent, paying a 7% commission. This financing aims to enhance liquidity and support corporate initiatives.
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