Focus Universal Eliminates All Preferred Shares, Holds $9.73M Cash and Plans $28.3M LA Asset Purchase
Focus Universal has eliminated all Series A and B preferred shares, converting 85.1% of 8,236 Series B shares and redeeming 1,230 at $782 per share, leaving zero preferred shares outstanding. The company holds $9.73 million cash, and plans a $28.33 million LA property purchase with a 10% cap rate generating $3.1 million rent.
1. Preferred Share Conversion Results
All 750,000 Series A and 8,236 Series B preferred shares have been eliminated as of April 14, 2026. 85.1% of Series B were converted by April 6 and the remaining 1,230 shares were redeemed at $782 per share on April 13, leaving zero preferred shares outstanding.
2. Strengthened Balance Sheet
The company now holds approximately $9.73 million in cash and carries no long-term debt. Elimination of preferential rights removes overhang on common shares and enhances equity value.
3. Planned LA Property Acquisition
Focus Universal plans to acquire a Los Angeles County property assessed at $28,329,330 with a capitalization rate above 10%, generating about $3.1 million in annual rents. This asset is intended to serve as corporate headquarters and support long-term growth while reducing corporate expenses.