Univest Securities, LLC Announces Closing of $1.2 Million Registered Direct Offering for its Client Focus Universal Inc. (NASDAQ: FCUV)

Company Overview - Focus Universal Inc. (NASDAQ: FCUV) specializes in patented hardware and software design technologies for Internet of Things (IoT) and 5G, holding 28 patents and patents pending across five disruptive technology platforms [6] - The company's technologies aim to address significant challenges in hardware and software design and production, potentially reducing costs, development timelines, and energy usage while enhancing range, speed, efficiency, and security [6] Offering Details - Univest Securities, LLC announced the closing of a registered direct offering for Focus Universal Inc., involving the sale of 3,750,000 shares priced at $0.32 per share, resulting in gross proceeds of approximately $1.2 million [1][2] - The offering was conducted under a shelf registration statement filed with the SEC, which was declared effective on November 16, 2021 [3] Financial Services Provider - Univest Securities, LLC, established in 1994 and a member of FINRA and SIPC, offers a range of financial services including brokerage, investment banking, and wealth management, focusing on long-term client relationships [5]