Focus Universal says warrant exercise raises USD 3.72 million, issues 279,330 shares - FCUV News | RalliesFocus Universal says warrant exercise raises USD 3.72 million, issues 279,330 shares
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FCUV• Warrant exercise raises cash and increases share count
- Focus Universal announced the exercise of warrants for 279,330 common shares at an exercise price of USD 13.32.
- The warrant exercise generated USD 3.72 million in cash proceeds.
- Issuance of 279,330 new common shares is expected; total shares outstanding will rise to 982,012.
- Proceeds are earmarked for development of forthcoming product lines, working capital, and general corporate purposes.
