Focus Universal Inc, a disruptive proprietary technologies solution developer, has filed Form S-1 Registration Statement on February 12, 2021 with the U.S. Securities and Exchange Commission to announce terms for its IPO.
The company plans to raise $10 million by offering 2 million shares at a price range of $4 to $6. Assuming a successful IPO at the midpoint of the proposed price, the company expects a market capitalization of $215 million.
The company developed innovative and proprietary “device on a chip” (“DoC”) technology, which combines the required electronic circuits of various integrated circuit components onto a single, integrated chip (“IC”).
The Ontario, California-based company was founded in 2012 and booked $2 million in revenue for the 12 months ended September 30, 2020. It plans to list on the Nasdaq Capital Market under the symbol “FCUV.” Boustead Securities is the underwriter of the IPO.
The company engages Wilson Bradshaw LLP as US Securities Counsel, and BF Borgers CPA PC as Independent Auditor.
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