Univest Securities Completes $1.2 Million Offering for FCUV

Univest Securities Completes Major Offering for Focus Universal Inc.

Univest Securities, LLC, a prominent member of FINRA and SIPC, recently accomplished a significant milestone by closing a registered direct offering for its client, Focus Universal Inc. (NASDAQ: FCUV). This direct offering has been structured to issue 3,750,000 shares of common stock at a price of $0.32 per share, generating total gross proceeds of approximately $1.2 million for the company. This transaction underscores Univest's dedication to facilitating strategic financial solutions for its clients.

Details of the Offering

Agreement Terms and Proceeds

As per the stipulated terms in the securities purchase agreement, Focus Universal Inc. will deliver 3,750,000 shares to institutional investors, reinforcing their capital structure and allowing them to pursue innovative projects. The successful placement was solely managed by Univest Securities, LLC, showcasing their expertise in investment banking and capital market services.

Regulatory Compliance

The offering was conducted under a shelf registration statement (File No. 333-260180), which was approved by the Securities and Exchange Commission (SEC). This regulatory backing assures investors of compliance with all necessary conditions for operations within the financial markets.

Understanding Focus Universal Inc.

Focus Universal Inc. (NASDAQ: FCUV) specializes in designing cutting-edge hardware and software technologies, particularly for the Internet of Things (IoT) and 5G networks. The company boasts a robust portfolio, including five disruptive technology platforms backed by a total of 28 patents and additional patents pending. Their inventions aim to tackle critical challenges within the current technology landscape, while also enhancing cost efficiency and reducing energy consumption. This innovative approach positions Focus Universal as a significant player in the tech industry.

Univest Securities: An Overview

Founded in 1994, Univest Securities, LLC has established itself as a reliable provider of financial services, catering to both retail and institutional clients. Their services range from brokerage and execution to investment banking and wealth management. Univest is committed to fostering long-term relationships with clients while delivering exceptional service aimed at adding value to their investments.

Contact Information

For further details on services provided by Univest Securities or for inquiries related to this offering, interested parties can reach out to the company directly. They can be contacted via email at info@univest.us or by calling +1 (212) 343-8888. Their office is located at 75 Rockefeller Plaza, Suite 18C, New York, NY 10019.

Frequently Asked Questions

What was the key outcome of the recent offering by Univest Securities?

The recent offering resulted in the closure of a $1.2 million registered direct offering for Focus Universal Inc. (NASDAQ: FCUV), involving the sale of 3,750,000 shares.

Who managed the placement of the recent offering?

Univest Securities, LLC acted as the sole placement agent for the registered direct offering.

What technologies does Focus Universal Inc. specialize in?

Focus Universal Inc. specializes in creating advanced hardware and software design technologies, focusing primarily on the Internet of Things (IoT) and 5G applications.

How long has Univest Securities been in operation?

Univest Securities has been operational since 1994, providing a range of financial services to clients globally.

Where can potential investors learn more about Focus Universal Inc.?

Potential investors can learn more about Focus Universal Inc. by visiting their official website, focusing on the advanced technologies they offer.

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