Focus Universal Inc. (Nasdaq: FCUV) announced on February 5, 2026, that its Board of Directors has approved a 1-for-10 reverse stock split of the company's common stock. The decision, made by unanimous written consent on January 27, 2026, aims to boost the stock's trading price to meet the minimum bid price requirement for continued listing on the Nasdaq Capital Market.
The reverse split will take effect at 12:01 a.m. Eastern Standard Time on February 9, 2026. Starting at the open of business that day, Focus Universal shares will trade on a split-adjusted basis under the same ticker symbol "FCUV" but with a new CUSIP number, 34417J 500. Every ten existing shares will be combined into one share, reducing the outstanding share count from approximately 9.865 million to about 986,524 shares. The par value per share remains unchanged.
No fractional shares will be issued. Instead, shareholders entitled to fractional shares will receive a cash payment in lieu thereof. Proportional adjustments will be made to the number of shares issuable upon exercise of equity awards, securities, and warrants, as well as to exercise prices and the number of shares authorized under equity incentive plans.
Focus Universal's transfer agent, VStock Transfer, LLC, will serve as exchange agent. Registered stockholders holding shares electronically in book-entry form need not take any action. Those holding shares in brokerage accounts or "street name" will have their positions automatically adjusted, subject to each broker's processes.
Additional details are available in the company's Form 8-K filed with the Securities and Exchange Commission on February 5, 2026, accessible at www.sec.gov.
Focus Universal is a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G. The company holds 26 patents and patents pending across five technology platforms, alongside eight pending trademarks. These technologies aim to reduce costs and development timelines while improving range, speed, efficiency, and security.
The reverse stock split is a strategic move to address the minimum bid price requirement for continued listing on Nasdaq. By consolidating shares, the company hopes to increase its share price above $1.00, thereby maintaining its listing status and investor confidence. This action also reflects the board's focus on long-term shareholder value and compliance with exchange standards.
