Focus Universal Closes $10 Million Funding
WALNUT, Calif., July 17, 2018 /PRNewswire/ -- Focus Universal, Inc. (OTC: FCUV) ("Focus Universal" or the "Company"), a developer of IOT technologies including its Universal Smart Instrumentation Platform ("USIP"), announced today that it has closed on the sale of 6,069,613 shares of its common stock (the "Shares") for an aggregate purchase price of $10,621,823 or $1.75 per share.
- WALNUT, Calif., July 17, 2018 /PRNewswire/ -- Focus Universal, Inc. (OTC: FCUV) ("Focus Universal" or the "Company"), a developer of IOT technologies including its Universal Smart Instrumentation Platform ("USIP"), announced today that it has closed on the sale of 6,069,613 shares of its common stock (the "Shares") for an aggregate purchase price of $10,621,823 or $1.75 per share.
- "We are happy to announce the closing of this private placement," said Focus Universal CEO, Dr. Desheng Wang.
- Focus Universal Inc. (OTCQB: FCUV) is a Universal Smart Instrumentation Platform ("USIP") developer and Universal Smart Device ("USD") manufacturer for the Internet of Things market.
- Focus Universal undertakes no obligation to publicly update or revise any forward-looking statements.