Focus Universal Inc. announced the completion of conversions for all its outstanding Series A and Series B preferred shares, resulting in zero preferred shares issued as of April 14, 2026. The company confirmed that 100% of its 750,000 Series A shares were converted in 2025, while the remaining 8,236 Series B shares were fully addressed through conversions and redemptions by April 13, 2026.
Chief Financial Officer Irving Kau stated that these actions demonstrate commitment to transforming the company’s balance sheet and safeguarding financial health. ‘We believe our strong, pre-redemption cash position today of roughly $9.73M stands very strong as compared to our current market capitalization,’ Kau remarked. The conversion eliminates associated preferential rights that previously accompanied these shares.
The company highlighted additional financial moves, including a forthcoming asset purchase that will serve partially as corporate headquarters. According to Kau, this property holds a capitalization rate over 10% for Los Angeles County with an assessed value of $28,329,330 and generates approximately $3.1 million in annual rents. The company views these combined actions as significantly reducing corporate expense burden and bolstering equity value.
Focus Universal operates as a provider of patented hardware and software design technologies for Internet of Things and 5G applications. The company has developed five technology platforms with 26 patents and patents pending across various phases. These technologies aim to reduce costs, product development timelines, and energy usage while increasing range, speed, efficiency, and security in hardware and software design.
Prior to the asset purchase, the company carried no long-term debt, according to financial statements. Kau expressed gratitude to shareholders for their support, stating that these financial maneuvers will allow the company to realize strategic growth plans and accelerate value creation. The complete conversion results mark a significant step in the company’s financial restructuring efforts as it positions itself for future growth in technology markets.
This news story relied on content distributed by NewMediaWire. Blockchain Registration, Verification & Enhancement provided by NewsRamp™. The source URL for this press release is Focus Universal Completes Conversion of All Preferred Shares, Strengthening Balance Sheet.