Corporate ActionJun 3, 2026, 06:26 AM
Energy Focus Sells 65,789 Shares for $250,000 in Private Placement
AI Summary
Energy Focus, Inc. entered into a Securities Purchase Agreement on May 29, 2026, with Euka Power Japan Co., Ltd. The company agreed to issue and sell 65,789 shares of its common stock in a private placement for a total of $250,000. The shares were sold at $3.80 per share, which was the closing price on the day prior to the agreement. This unregistered sale was conducted under an exemption from the Securities Act.
Key Highlights
- Energy Focus entered a Securities Purchase Agreement with Euka Power Japan Co., Ltd. on May 29, 2026.
- The company will issue and sell 65,789 shares of common stock in a private placement.
- The total purchase price for the shares is $250,000.
- The purchase price per share is $3.80, based on the prior day's closing price.
- The sale is exempt from registration under Section 4(a)(2) of the Securities Act.
Price Impact
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