Boustead Securities Client Focus Universal Inc. Announces Pricing of $10 Million Public Offering
Ontario, CA – August 31, 2021 –Boustead Securities, LLC (“Boustead”) client Focus Universal Inc. (NASDAQ: FCUV) (“Focus Universal” or the “Company”), a Universal Smart Instrumentation Platform (“USIP”) developer and Universal Smart Device (“USD”) manufacturer, has announced the pricing of a firm commitment underwritten public offering of 2,000,000 shares of its common stock at a public offering price of $5.00 (the “Offering”). The aggregate gross proceeds from the Offering are expected to total $10 million, before deducting the underwriting discounts and commissions and estimated Offering expenses payable by Focus Universal.
Focus Universal’s common stock will be listed on The Nasdaq Capital Market and will trade under the ticker symbol “FCUV” beginning today. The Offering is expected to close on or about September 2, 2021, subject to customary closing conditions. In addition, the Company has granted to Boustead a 45-day option to purchase, in the aggregate, up to 300,000 additional shares of its common stock.
Boustead Securities, LLC is acting as sole underwriter for the Offering.
The securities described above are being 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 has been made only by means of a prospectus. A copy of the final prospectus related to the Offering may be obtained, when available, from Boustead Securities, LLC, via email: email@example.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
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