Focus Universal raises $10 million in preferred equity offering
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Focus Universal Inc. Announces Closing of $10 Million in Preferred Equity
October 27, 2025 9:10 AM EDTONTARIO, CA - October 27, 2025 (NEWMEDIAWIRE) - Focus Universal Inc. (NASDAQ: FCUV) ( Focus or the Company ), a provider of patented hardware and software design technologies for the Internet of Things (IoT), 5G, and AI-driven SEC financial reporting automation software, today announced the closing of $ 10 million preferred equity offering. The offering was closed on October 23, 2025, subject to the satisfaction of customary closing conditions.
The total gross proceeds from the offering are $10 million, with estimated net proceeds of approximately $9.44 million, after deducting underwriting discounts, commissions, and offering-related expenses. Focus intends to use these net proceeds to continue... More
