Focus Universal Inc. Announces Board Approval for Spin-Off of Lusher Inc. [Yahoo! Finance]
Focus Universal Inc. (FCUV)
NASDAQ:AMEX Investor Relations:
investor.universalcorp.com
Company Research
Source: Yahoo! Finance
hardware and software design technologies for Internet of Things (IoT) and 5G, today announced the Board of Directors has approved the spin-off Lusher Inc. to develop the SEC Financial Reporting AI-Driven Automation Software for a future initial public offering and a potential Nasdaq listing. Chief Executive Officer Desheng Wang stated, "We are excited that our management team received authorization from our Board of Directors to start the spin-off process for Lusher Inc. Lusher Inc. which will focus on AI-Driven Automation Software development and commercialization, which enables Focus Universal to concentrate more on the core of universal smart IoT. This will also allow the general market to access Lusher Inc. separately from Focus Universal, which may lead to an increase in shareholder value and unlock the intrinsic value of Lusher Inc. We believe reducing the SEC financial reporting preparation time from weeks to minutes is a compelling example to demonstrate this potential."
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News
- Focus Universal Inc. Announces Board Approval for Spin-Off of Lusher Inc.Accesswire
- Focus Universal Inc. Announces Warren Wang as Chief Strategy Officer [Yahoo! Finance]Yahoo! Finance
- Focus Universal Inc. Announces Warren Wang as Chief Strategy Officer Accesswire
- Focus Universal Full Year 2023 Earnings: US$0.078 loss per share (vs US$0.076 loss in FY 2022) [Yahoo! Finance]Yahoo! Finance
- Focus Universal Inc. to Showcase Sensor Technology at American Chemical Society Expo in New OrleansAccesswire
FCUV
Sec Filings
- 4/29/24 - Form 8-K
- 4/16/24 - Form 8-K
- 4/1/24 - Form 10-K
- FCUV's page on the SEC website