• Boustead Securities

Boustead Securities Client Focus Universal Inc. Announces Closing of 11.5 Million Public Offering



Ontario, CA – September 3, 2021 –Boustead Securities, LLC (“Boustead”) client


Focus Universal Inc. (NASDAQ: FCUV) (the Company), a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G, today announced the closing of its previously announced public offering on Nasdaq. In addition, the underwriter, Boustead Securities, LLC has exercised its over-allotment option resulting in the sale of an additional 300,000 shares.


FCUV had previously announced the pricing of its $10 million public offering of 2,000,000 shares on August 30, 2021 at $5.00 per share. With the exercise and closing of the underwriters' over-allotment option, the total gross proceeds from the FCUV offering are $11.5 million.


The Company commenced trading on the Nasdaq Capital Market on August 31, 2021.


Boustead Securities, LLC acted as sole underwriter for the Offering.


The securities described above were sold by Focus Universal pursuant to a registration statement, as amended, filed by the Company with the Securities and Exchange Commission (the SEC), which was declared effective on August 30, 2021. The Offering was made only by means of a prospectus. A copy of the final prospectus related to the Offering may be obtained from Boustead Securities, LLC, via email: offerings@boustead1828.com or by calling +1 (949) 502-4408 or standard mail at Boustead Securities, LLC, Attn: Equity Capital Markets, 6 Venture, Suite 395, Irvine, CA 92618, USA. In addition, a copy of the final prospectus relating to the Offering may be obtained via the SEC's website at www.sec.gov.

 

About Focus Universal

Focus Universal Inc. (NASDAQ:FCUV) is a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G. The company has developed four disruptive patented technologies to solve the major problems facing hardware design, hardware production, software design and network communication facing both industries today: (1) Universal Smart Instrumentation Platform; (2) Natural Integrated Programmable Language; (3) Ultra Narrowband Power Line Communications; (4) Ultra Narrowband Wireless Communication;


About Boustead Securities, LLC

Boustead Securities, LLC is an investment banking firm that executes and advises on IPOs, mergers and acquisitions, capital raises and restructuring assignments in a wide array of industries, geographies and transactions, for a broad client base. Boustead’s core value proposition is the ability to create opportunity through innovative solutions and tenacious execution. With experienced professionals in the United States, Boustead’s team moves quickly and provides a broad spectrum of sophisticated financial advice and services. Boustead is a majority-owned subsidiary of Boustead & Company Limited, a diversified non-bank financial institution. For more information visit please visit: www.boustead1828.com


Forward-Looking Statements

This document contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking events discussed in this document and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this document and other statements made from time to time by us or our representatives might not occur.





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