News Column

Energy Focus Announces Pricing of Public Offering of Common Stock

August 8, 2014



ENP Newswire - 08 August 2014

Release date- 07082014 - SOLON, OH - Energy Focus, Inc. (OTCQB:EFOID) announced that it priced an underwritten public offering of 1.175 million shares of the Company's common stock at a public offering price of $4.50 per share.

The offering is expected to close on August 11, 2014, subject to the satisfaction of customary closing conditions. In addition, the underwriters have a 30-day option to purchase up to an additional 176,250 shares of common stock from the Company. The Company's common stock has been approved for listing on The NASDAQ Capital Market concurrently with the closing of the offering, and is expected to begin trading on The NASDAQ Capital Market on August 7, 2014.

Roth Capital Partners is acting as sole book-running manager for the offering. Northland Securities, Inc. and BTIG, LLC, are acting as co-managers.

The offering of these shares is being made only by means of a prospectus. Copies of the final prospectus supplement and accompanying prospectus related to the offering, when available, may be obtained by contacting Roth Capital Partners, 888 San Clemente Drive, Newport Beach, California 92660 or rothecm@roth.com, Northland Securities, 45 S. 7th St, Suite 2000, Minneapolis, Minnesota 55402, BTIG, 825 Third Avenue, 6th Floor, New York, New York 10022.

About Energy Focus, Inc.

Energy Focus, Inc. is a leading provider of energy efficient LED lighting products, turnkey energy efficient lighting solutions and a developer of energy efficient lighting technology. Our solutions provide energy savings, aesthetics, safety and maintenance cost benefits over conventional lighting. Our long-standing relationship with the U.S. Government continues to enable us to provide energy efficient LED lighting products to the U.S. Navy and the Military Sealift Command fleets.

Customers include national, state and local U.S. government agencies as well as Fortune 500 companies, the U.S. Navy, and many others. Company headquarters are located in Solon, OH, with additional offices in Nashville, TN, and the United Kingdom. For more information, see our web site at www.energyfocusinc.com.

Forward-Looking Statements

Certain information contained in this press release, particularly information regarding completion of the offering, constitutes forward-looking statements. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts and generally contain words such as 'believes,' 'expects,' 'may,' 'will,' 'intends' or similar expressions.

The Company's forward-looking statements are subject to risks and uncertainties, which may cause actual results to differ materially from those projected or implied by the forward looking statements.

These risks and uncertainties include, but are not limited to the Company's ability to satisfy the closing conditions for the offering; the Company's continued compliance with Nasdaq listing conditions; Nasdaq's ability to promptly reflect the listing of the Company's shares; market conditions; other business and local, regional, national and international economic conditions that allow for termination of the offering and other factors disclosed from time to time in the prospectus, the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.

Forward-looking statements are based on current expectations and assumptions and currently available data and are neither predictions nor guarantees of future events or performance. You should not place undue reliance on forward-looking statements which speak only as of the date hereof. We do not undertake to update or revise any forward-looking statements after they are made, whether as a result of new information, future events, or otherwise, except as required by applicable law.

Media Contact:

Tel: (440)715-1300

Email: pr@energyfocusinc.com


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Source: ENP Newswire


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