Item 1.01 Entry into a Material Definitive Agreement.
On October 6, 2022, Focus Universal Inc. (Nasdaq Global: FCUV) (the "Company")
consummated an agreement to purchase 400,000 shares of its common stock from a
private, non-affiliate shareholder at $5.00 per share, resulting in a total
purchase price of $2,000,000. The shareholder transferred the shares on October
4, 2022, and the Company wired the first $1,000,000 of the purchase price on
October 6, 2022, on which date the Company's shares closed at $9.50 with daily
trading volume of 57,646. A copy of the repurchase agreement is attached hereto
as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
99.1 Form of Share Repurchase Agreement, by and between the private
shareholder and the Company .
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