Energy Focus (EFOI) Prices 3.44M Share Registered Direct Offering at $0.799/Sh

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Go back to Energy Focus (EFOI) Prices 3.44M Share Registered Direct Offering at $0.799/Sh

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

January 10, 2020 8:00 AM EST

SOLON, Ohio, Jan. 10, 2020 (GLOBE NEWSWIRE) -- 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 Companys 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... More