Focus Universal Announces 1-for-10 Reverse Stock Split

Focus Universal Inc. (Nasdaq: FCUV), known for its IoT and 5G technology solutions, has announced a significant financial restructuring. The company’s board has approved a 1-for-10 reverse stock split. This development was decided during the board meeting on August 7, 2024, and is set to take effect on January 31, 2025.

On the effective date, the common stock will trade on a split-adjusted basis under a new CUSIP Number, 34417J 203, while maintaining its Nasdaq symbol "FCUV." This change means every ten existing shares will consolidate into one, although the share's par value remains unchanged. The company ensures adjustments are proportionate concerning its equity awards and incentives.

VStock Transfer, LLC, Focus Universal's transfer agent, will manage this split. Shareholders with electronically held stocks will experience automatic adjustments. Additional details can be found in the SEC's 8-K filing, accessible via their website.