Focus Universal Inc. (Nasdaq: FCUV) announced on September 5, 2026, that it issued 279,330 shares of common stock upon the exercise of outstanding warrants. The company reported receiving approximately $3.7 million in gross proceeds from this transaction.
According to the filing, the warrants were exercised at a price of $13.32 per share, totaling $3,720,675.60 in cash. The exercise of these warrants resulted in the issuance of 279,330 new shares of common stock. Following this issuance, the total number of shares of common stock outstanding is 982,012.
The warrants were originally offered as part of a private placement conducted on April 6, 2026. Focus Universal stated that it intends to use the net proceeds from the warrant exercise to fund continuing development efforts for its forthcoming product lines and for other working capital and general corporate purposes.
