Focus Universal shares surge 32.37% after-hours following reverse stock split announcement.

Focus Universal surged 32.37% in after-hours trading following its announcement of a 1-for-10 reverse stock split, approved on January 27 and effective February 9. The move, aimed at consolidating shares and likely addressing Nasdaq listing requirements, was perceived as a strategic effort to stabilize the stock price. Investors reacted positively to the corporate action, which maintains the ticker symbol FCUV but adjusts the share count to approximately 986,524 outstanding shares. The after-hours rally reflects optimism that the reverse split will enhance the stock's marketability and investor confidence, despite the typical caution surrounding such maneuvers. The company emphasized the split would not issue fractional shares and will adjust equity awards proportionally. The announcement aligns with Focus Universal’s focus on IoT and 5G technologies, though the immediate price spike primarily stems from the corporate restructuring rather than new product or revenue developments.