StockWatch
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Industrial Machinery/Components
RegulatoryMay 26, 2026, 03:22 PM

Focus Universal believes it meets Nasdaq equity rule after capital actions

AI Summary

Focus Universal Inc. believes it has achieved compliance with The Nasdaq Capital Market's continued listing standards, specifically the Equity Rule requiring at least $2.5 million in stockholders' equity. This follows the conversion of 5,216 shares of Series B Convertible Preferred Stock into 665,328 common shares and the redemption of remaining Series B shares for $961,860. Additionally, the company completed a $4,000,000 private placement (Warrant Offering) with Armistice Capital, which included the full exercise of a Pre-Funded Warrant for 1,117,318 common shares.

Key Highlights

  • Focus Universal believes it has at least $2.5 million stockholders' equity.
  • This meets Nasdaq Listing Rule 5550(b)(1) for continued listing.
  • 5,216 Series B Preferred Stock shares converted into 665,328 common shares.
  • Remaining Series B Preferred Stock redeemed for $961,860.
  • Completed $4,000,000 private placement (Warrant Offering) with Armistice Capital.
  • Armistice fully exercised Pre-Funded Warrant for 1,117,318 common shares.
  • Company believes it is currently in compliance with Nasdaq's listing standards.