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Focus Universal Inc. Announces Listing Transfer to Nasdaq Capital Market

Focus Universal Inc. Announces Listing Transfer to Nasdaq Capital Market

Focus Universal Inc.宣布将上市转移到纳斯达克资本市场
Accesswire ·  09/20 08:30

ONTARIO, CA / ACCESSWIRE / September 20, 2024 / Focus Universal Inc. (NASDAQ:FCUV) ("Focus" or the "Company"), a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G, announced today that it has received approval from Listing Qualifications Department of the Nasdaq Stock Market ("Nasdaq") to transfer the listing from the Nasdaq Global Market to the Nasdaq Capital Market. The Company's securities will be transferred to the Capital Market at the opening of business on September 23, 2024.

加利福尼亚州安大略省/ACCESSWIRE/2024年9月20日/物联网(IoT)和5G专利软硬件设计技术提供商焦点环球公司(纳斯达克股票代码:FCUV)(“Focus” 或 “公司”)今天宣布,它已获得纳斯达克股票市场(“纳斯达克”)上市资格部门的批准,将上市从纳斯达克全球市场转移到纳斯达克资本市场。该公司的证券将在2024年9月23日开业时转移到资本市场。

The Nasdaq Capital Market is a continuous trading market that operates in the same manner as The Nasdaq Global Market. Therefore, the Company's shares continue to trade under the ticker symbol "FCUV" and are not affected by this listing transfer. The approval by Nasdaq was based upon the Company meeting the applicable market value of publicly held shares requirement for continued listing and all other applicable requirements for initial listing on the Nasdaq Capital Market, except for the minimum bid price requirement.

纳斯达克资本市场是一个持续交易市场,其运作方式与纳斯达克全球市场相同。因此,该公司的股票继续以股票代码 “FCUV” 进行交易,不受此次上市转让的影响。纳斯达克的批准是基于公司满足继续上市的公开发行股票的适用市值要求以及在纳斯达克资本市场首次上市的所有其他适用要求,最低出价要求除外。

In connection with the transfer to the Nasdaq Capital Market, Nasdaq granted the Company an additional 180-day period to regain compliance with the requirement set forth in Nasdaq Listing Rule 5450(a)(1) that the bid price of the Company's shares meet or exceed $1.00 per share for at least ten consecutive business days. The Company intends to continue actively monitoring the bid price and consider available options to regain compliance with the minimum bid price requirement.

关于向纳斯达克资本市场的转让,纳斯达克给予公司额外的180天期限,以恢复遵守纳斯达克上市规则5450(a)(1)中规定的要求,即公司股票的出价至少连续十个工作日达到或超过每股1.00美元。该公司打算继续积极监控投标价格,并考虑可用的选项,以恢复对最低出价要求的遵守。

Desheng Wang, CEO of Focus Universal Inc. commented, "We look forward to continuing our growth and development of our company on Nasdaq. Of note, we also have recently felt the strong support from existing shareholders, new shareholders, and clients, as recently we brought in approximately $2.49 million in direct investment amidst tough markets. Proceeds from the offerings will be used to continue to build and launch the new software product platform under Lusher Inc. Focus Universal has been showcasing its advanced SEC financial reporting automation technology, which offers full automation and operates 1000 times faster than traditional manual methods, of which we are very proud of the development, the enthusiastic support upon viewing, and most of all, the large market potential."

焦点环球公司首席执行官王德胜评论说:“我们期待公司在纳斯达克继续成长和发展。值得注意的是,我们最近也感受到了现有股东、新股东和客户的大力支持,最近,我们在艰难的市场中引入了约249万美元的直接投资。此次发行的收益将用于继续构建和推出卢舍尔公司旗下的新软件产品平台。Focus Universal一直在展示其先进的美国证券交易委员会财务报告自动化技术,该技术可实现完全自动化,运行速度比传统手动方法快1000倍,我们为其开发、看到后的热情支持以及最重要的是巨大的市场潜力感到非常自豪。”

About Focus Universal:
Focus Universal Inc. (NASDAQ:FCUV) is a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G. The company has developed five disruptive patented technology platforms with 28 patents and patents pending in various phases and 8 trademarks pending in various phases to solve the major problems facing hardware and software design and production within the industry today. These technologies combined to have the potential to reduce costs, product development timelines and energy usage while increasing range, speed, efficiency, and security. Focus currently trades on the Nasdaq Global Market and will transfer to the Nasdaq Capital Market on September 23, 2024.

关于环球聚焦:
Focus Universal Inc.(纳斯达克股票代码:FCUV)是物联网(IoT)和5G专利硬件和软件设计技术的提供商。该公司已经开发了五个颠覆性的专利技术平台,其中28项专利和专利处于不同阶段待审中,8个商标处于不同阶段待批,以解决当今行业软硬件设计和生产面临的主要问题。这些技术相结合,有可能降低成本、产品开发时间和能源消耗,同时增加范围、速度、效率和安全性。Focus目前在纳斯达克全球市场上交易,并将于2024年9月23日转移到纳斯达克资本市场。

Forward-Looking Statements:
Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and the completion of the public offering on the anticipated terms or at all, and other factors discussed in the "Risk Factors" section of the preliminary prospectus filed with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof and Focus Universal specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

前瞻性陈述:
本新闻稿中关于未来预期、计划和前景的陈述,以及任何其他关于非历史事实的事项的陈述,可能构成1995年《私人证券诉讼改革法》所指的 “前瞻性陈述”。“预期”、“相信”、“继续”、“可以”、“估计”、“期望”、“打算”、“可能”、“计划”、“潜力”、“预测”、“项目”、“应该”、“目标”、“将”、“将” 等词语旨在识别前瞻性陈述,尽管并非所有前瞻性陈述都包含这些识别词。由于各种重要因素,实际结果可能与此类前瞻性陈述所显示的结果存在重大差异,包括:与市场状况和按预期条件完成公开发行相关的不确定性,以及向美国证券交易委员会提交的初步招股说明书 “风险因素” 部分中讨论的其他因素。本新闻稿中包含的任何前瞻性陈述仅代表截至本文发布之日,Focus Universal明确表示不承担任何更新任何前瞻性陈述的义务,无论是由于新信息、未来事件还是其他原因。

For investor and media inquiries, please contact:
Skyline Corporate Communications Group, LLC
Lisa Gray
One Rockefeller Plaza, 11th Floor
New York, NY 10020
Office: (646) 893-5835
lisa@skylineccg.com

投资者和媒体垂询,请联系:
Skyline 企业传播集团有限责任公司
丽莎·格雷
洛克菲勒广场一号,11 楼
纽约州纽约 10020
办公室:(646) 893-5835
lisa@skylineccg.com

For company inquiries, please contact:
Investor Relations
626-272-3883
ir@focusuniversal.com

如有公司查询,请联系:
投资者关系
626-272-3883
ir@focusuniversal.com

SOURCE: Focus Universal Inc.

来源:焦点环球公司


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