Focus Universal Inc. Announces At-the-Market Offering of Up to $3.5 Million in Common Stock
Reuters
Sep 26
Focus Universal Inc. Announces At-the-Market Offering of Up to $3.5 Million in Common Stock
Focus Universal Inc. has announced the launch of an at-the-market (ATM) equity offering, entering into a Sales Agreement with Ladenburg Thalmann & Co. Inc. as sales agent. Under this agreement, the company may sell shares of its common stock with an aggregate offering price of up to $3,547,506. The shares will be offered pursuant to an effective shelf registration statement filed with the U.S. Securities and Exchange Commission. Ladenburg Thalmann will receive a commission of 3.0% of the aggregate gross proceeds from the share sales. The company may suspend or terminate the offering at any time, and Ladenburg may sell the shares through various permitted methods, including negotiated transactions with the company's consent.
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