Focus Universal Inc. has announced the completion of a private placement involving the sale of 750,000 shares of its Series A Preferred Stock to Chairman Edward Lee and other accredited investors, raising a total of $3,000,000 at $4.00 per share. Each share of Series A Preferred Stock was convertible into 1.1 shares of restricted Common Stock, and the holders, including Edward Lee, have elected to convert all their shares. As a result, the company issued an aggregate of 825,000 shares of restricted Common Stock, including 550,000 shares to Edward Lee. Following the conversion, there are no outstanding shares of Series A Preferred Stock. The securities were sold pursuant to an exemption from registration under Section 4(a)(2) of the Securities Act of 1933.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Focus Universal Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001683168-25-008669), on November 25, 2025, and is solely responsible for the information contained therein.
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