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On June 21, 2024, Energy Focus Entered Into A ~$0.85M Securities Purchase Agreement With Sander Electronics Who Agreed To Issue And Sell In A Private Placement 534,592 Shares Of Common Stock For A Purchase Price Per Share Of $1.59

Author: Benzinga Newsdesk | June 27, 2024 12:05pm

On June 21, 2024, Energy Focus, Inc. (the "Company") entered into a securities purchase agreement (the "Purchase Agreement") with Sander Electronics Inc. (the "Purchaser"), a shareholder of the Company controlled by Chiao Chieh (Jay) Huang, CEO of the Company, pursuant to which the Company agreed to issue and sell in a private placement (the "Private Placement") an aggregate of 534,592 shares (the "Shares") of the Company's common stock, par value $0.0001 per share (the "Common Stock"), for a purchase price per share of $1.59.


 

Aggregate gross proceeds to the Company in respect of the Private Placement is approximately $0.85 million, before offering expenses payable by the Company. The Private Placement was closed on June 21, 2024.

Posted In: EFOI