Focus Universal says it meets Nasdaq $2.5 million equity rule after preferred conversions
Focus Universal said it believes it has stockholders' equity of at least $2.5 million, the level required for continued Nasdaq Capital Market listing. The company cites the conversion of most Series B preferred stock into common stock, the redemption of the remaining preferred shares, and the exercise of pre-funded warrants issued in an April 2026 private placement. The filing reflects a compliance position rather than a change in operating results.
Key points
- Company believes stockholders' equity is at least $2.5 million, meeting Nasdaq Listing Rule 5550(b)(1)
- Series B Conversion of 5,216 preferred shares into 665,328 common shares, notified around April 6, 2026
- Remaining Series B preferred redeemed from Great Point Capital LLC for $961,860 under an April 13, 2026 agreement
- Pre-Funded Warrant for 1,117,318 shares from the $4,000,000 Armistice Capital placement has been fully exercised
The filing
Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 26, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.