Focus Universal issues 279,330 shares after warrant exercises raise $3.72 million
FCUV•Use of proceeds
Net proceeds are earmarked for product development, working capital and general corporate purposes.
Warrant exercises raise cash and add shares
Focus Universal exercised warrants for 279,330 common shares at $13.32 each. The transaction raised $3.72 million in cash gross proceeds.
Issuance of the 279,330 new common shares lifts total shares outstanding to 982,012.
