Focus Universal Inc.

09/26/2024 | Press release | Distributed by Public on 09/26/2024 04:01

Material Event Form 8 K

Item 8.01 Other Events

As previously disclosed on September 20, 2024, Focus Universal Inc., (the "Company") received a written notice from the Listing Qualifications Department (the "Staff") of the Nasdaq Stock Market LLC ("Nasdaq"), notifying the Company that it approved the Company's request to transfer the listing of the Company's securities from the Nasdaq Global Market to the Nasdaq Capital Market effective as of September 23, 2024.

On September 25, 2024, Nasdaq's Staff has now determined that for the last ten (10) consecutive business days, the Company's minimum market value of publicly held shares ("MVPHS") has been $1,000,000 or greater as required by Listing Rule 5550(a)(5) (the "MVPHS Rule").

Accordingly, the Company has regained compliance with the MVPHS Rule, and the Staff has indicated that this matter is now closed.