on Focus Universal Inc. (NASDAQ:FCUV)
Focus Universal Regains Nasdaq Compliance
Focus Universal Inc. (NASDAQ: FCUV) has announced its return to compliance with Nasdaq's minimum bid price requirement. The company received confirmation from Nasdaq, noting that for 13 consecutive business days, the closing bid price of its shares remained at or above $1.00. This achievement aligns with Listing Rule 5550(a)(2), closing the compliance matter.
Dr. Desheng Wang, CEO, emphasized the importance of this milestone for the company's future. He highlighted Focus Universal's commitment to long-term shareholder value through advancements in IoT and data automation. Their universal smart instrumentation platform aims to simplify IoT developments.
The company also showcased its AI-driven financial reporting software, capable of automating reports with minimal human interference, dramatically reducing labor time. Plans are underway to spin off this division for a separate IPO.
R. P.
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