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Focus Universal Announces Reverse Stock Split

Focus Universal Announces Reverse Stock Split

Focus Universal宣布反向股票拆分
Accesswire ·  01/29 16:11

ONTARIO, CA / ACCESS Newswire / January 29, 2025 / 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, announces that its board of directors has approved a 1-for-10 reverse stock split of the Company's common stock. The Board of Directors approved the reverse stock split proposal at the Company's Board Meeting held on August 7, 2024.

加利福尼亚州安大略省/ACCESS Newswire/2025年1月29日/Focus Universal inc.物联网(IoT)和5G专利硬件和软件设计技术提供商纳斯达克股票代码:FCUV)(“Focus” 或 “公司”)宣布,其董事会已批准对公司普通股进行1比10的反向分割。董事会在2024年8月7日举行的公司董事会会议上批准了反向股票拆分提案。

The Reverse Split will be effective at 12:01 a.m. Eastern Standard Time on January 31, 2025, and will be reflected with the Nasdaq Capital Market ("Nasdaq") and in the marketplace at the open of business on January 31, 2025 (the "Effective Date"), whereupon the common shares will begin trading on a split-adjusted basis. In connection with the Reverse Split, the Company's common shares will continue to trade on Nasdaq under the symbol "FCUV" but will trade under a new CUSIP Number, 34417J 203.

反向拆分将于美国东部标准时间2025年1月31日凌晨 12:01 生效,并将反映在纳斯达克资本市场(“纳斯达克”)和2025年1月31日开盘时(“生效日期”)在市场上,届时普通股将开始按拆分调整后的交易。与反向拆分有关的是,该公司的普通股将继续在纳斯达克上市,股票代码为 “FCUV”,但将以新的CUSIP编号34417J 203进行交易。

As of the Effective Date, every 10 shares of the Company's issued and outstanding common stock will be combined into one share of common stock. The par value per share of the Company's common stock will remain unchanged. Proportional adjustments will be made to the number of shares of common stock issuable upon the exercise of the Company's equity awards, securities and warrants, if any, as well as the applicable exercise price, and the number of shares authorized and reserved for issuance pursuant to the Company's equity incentive plans.

自生效之日起,公司已发行和流通的每10股普通股将合并为一股普通股。公司普通股的每股面值将保持不变。将对行使公司股权奖励、证券和认股权证(如果有)时可发行的普通股数量、适用的行使价以及根据公司股权激励计划批准和预留发行的股票数量进行比例调整。

The Company's transfer agent, VStock Transfer, LLC, will serve as the exchange agent for the reverse stock split. Registered stockholders holding pre-reverse stock split shares of common stock electronically in book-entry form are not required to take any action to receive post-reverse stock split shares. Those stockholders who hold their shares in brokerage accounts or in "street name" will have their positions automatically adjusted to reflect the reverse stock split, subject to each broker's particular processes, and will not be required to take any action in connection with the reverse stock split.

该公司的过户代理机构vStock Transfer, LLC将担任反向股票拆分的交易代理。以电子方式以账面记录形式持有反向股票拆分前普通股的注册股东无需采取任何行动即可获得反向股票拆分后的股票。那些在经纪账户中或以 “街道名称” 持有股票的股东将根据每个经纪商的特定流程自动调整其头寸以反映反向股票拆分,并且无需就反向股票拆分采取任何行动。

Additional information about the reverse stock split will be found in the Company's 8-K filed with the Securities and Exchange Commission on January 29, 2025 a copy of which will be available at www.sec.gov.

有关反向股票拆分的更多信息将在公司于2025年1月29日向美国证券交易委员会提交的8-K报告中找到,其副本将在www.sec.gov上公布。

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 26 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 Capital Markets.

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。该公司开发了五个颠覆性的专利技术平台,其中26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目前在纳斯达克资本市场上交易。

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,以及有关非历史事实事项的任何其他陈述,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”、“可能”、“估计”、“预期”、“打算”、“可能”、“计划”、“潜在”、“预测”、“项目”、“应该”、“目标”、“将” 和类似的表述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,实际业绩可能与此类前瞻性陈述所示结果存在重大差异,包括:与市场状况和按预期条款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的 “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新闻稿发布之日,Focus Universal明确表示没有义务更新任何前瞻性陈述,无论是由于新信息、未来事件还是其他原因。

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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