Brief: Energy Focus Inc Entered Into A Securities Purchase Agreement Associated With Sander Electronics Inc.

Energy Focus

23/01/2023 21:37

Jan 23 (Reuters) - Energy Focus Inc  EFOI.O :
    * ENERGY FOCUS INC - ON JAN 17, CO ENTERED INTO A SECURITIES
PURCHASE AGREEMENT WITH CERTAIN PURCHASERS ASSOCIATED WITH
SANDER ELECTRONICS, INC.
    * ENERGY FOCUS - PURSUANT TO AGREEMENT, AGREED TO ISSUE AND
SELL
IN A PRIVATE PLACEMENT 5.45 MILLION SHARES OF CO’S COMMON STOCK
FOR PURCHASE PRICE $0.5008/ SHARE
    * ENERGY FOCUS INC - PURSUANT TO AGREEMENT, CO AGREED TO
INCREASE
SIZE OF BOARD TO EIGHT MEMBERS

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