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Energy Focus (EFOI) Announces 990k Share Offering at $5.05/sh

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Energy Focus, Inc. Announces $5.0 Million Registered Direct Offering Priced-At-the-Market under Nasdaq Rules

June 14, 2021 1:13 PM EDT

SOLON, Ohio--(BUSINESS WIRE)-- Energy Focus, Inc. (Energy Focus, we, our, us or the Company) (NASDAQ: EFOI), a leader in sustainable and human-centric lighting (HCL) technologies and developer of a range of UV-C disinfection products, today announced that it has entered into definitive securities purchase agreements with certain institutional investors for the issuance and sale of 990,100 shares of the Companys common stock, at a purchase price of $5.05 per share, in a registered direct offering priced at-the-market under the rules of The Nasdaq Stock Market (Nasdaq). The closing of the sale of the securities is expected to occur on or... More