Energy Focus, Inc. shares rise 1.85% premarket after Focus Graphite Chairman converts private loan into equity.

Energy Focus, Inc. rose 1.85% in premarket trading. The company's stock price increase may be attributed to the positive news from Focus Graphite Inc., which announced that its Chairman Jeff York has initiated the conversion of his longstanding private loan into equity. This step marks the beginning of a Board-led plan to gradually eliminate the loan, strengthen the balance sheet, and position the Company to advance its projects toward production while enhancing its attractiveness for future financing opportunities.