Focus Universal, which is developing smart sensors and devices for the home and other areas, raised $10 million by offering 2 million shares at $5, within the range of $4 to $6. The company is currently listed on the OTCQB (FCUV).
The company is focused on the development, sale and installation of products using its proprietary IoT and power line communication technologies, universal smart monitors and controllers for the gardening industry, and distributed shared universal smart home products.
Focus Universal plans to list on the Nasdaq under the symbol FCUV. Boustead Securities acted as sole bookrunner on the deal.
