Focus Universal Inc. Form 8-K Filing Summary

Focus Universal Inc. has announced the closing of a private placement of securities, raising $4,000,000. The transaction involved the sale of 1,117,318 Common Units at $3.58 per unit. Each unit includes one share of common stock (or a pre-funded warrant), one Series A PIPE Common Warrant, and one Series B PIPE Common Warrant. The Series A warrants are exercisable within 24 months, and the Series B warrants are exercisable within 60 months, both with an exercise price of $3.33. Pre-funded warrants are exercisable at a nominal price of $0.00001. The company also entered into a Registration Rights Agreement, requiring the filing of a resale registration statement within 15 days. Aegis Capital Corp. acted as the sole placement agent, receiving a 7% commission and reimbursement for expenses. The securities were offered under Section 4(a)(2) of the Securities Act of 1933, exempt from registration.