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Energy Focus, Inc. Announces $2.75M Registered Direct Offering Priced At-the-Market

Energy Focus, Inc. (NASDAQ:EFOI), a leader in advanced LED lighting technologies and solutions,today announced that it has entered into definitive securities purchase agreements with certain institutional investors for

Benzinga · 01/10/2020 13:15

Energy Focus, Inc. (NASDAQ:EFOI), a leader in advanced LED lighting technologies and solutions,today announced that it has entered into definitive securities purchase agreements with certain institutional investors for the issuance and sale of 3,441,803 shares of the Company's common stock, at a purchase price of $0.799 per share, in a registered direct offering priced at-the-market. The Company also agreed to issue to the institutional investors unregistered warrants to purchase up to 3,441,803 shares of common stock, at an exercise price of $0.674 per share in a concurrent private placement.