Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY
SECURITIES AND USE OF PROCEEDS
On or about September 18, 2024, we completed the
sale of 4,300,000 shares of Common Stock in a private placement to certain eligible investors for an aggregate purchase price of $1,290,000,
or $0.30 per share. The Subscription Agreements contain customary representations and warranties and was exempt from registration under
Section 4(a)(2) of the Securities Act. The use of proceeds is to be used in the ongoing research and development of Focus Universal Inc.
products including the SEC filing software.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
No senior securities were issued and outstanding
during the nine-month periods ended September 30, 2024 or 2023.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable to our Company.
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