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EFOI > SEC Filings for EFOI > Form 8-K on 11-Apr-2014All Recent SEC Filings

Show all filings for ENERGY FOCUS, INC/DE



Other Events, Financial Statements and Exhibits

Item 8.01. Other Events.

Effective March 31, 2014, all of the holders (the "Holders") of the outstanding 5% convertible subordinated promissory notes (the "Notes") of Energy Focus, Inc., a Delaware corporation (the "Company"), converted the aggregate principal amount of $6,145,000 into 26,717,393 shares of Common Stock, $0.0001 par value per share ("Common Stock"), of the Company. As consideration for agreeing to the conversion, the Holders will receive additional interest payments for six months following the conversion. The conversion of all outstanding notes is expected to cause the Company to incur a non-operating charge of approximately $2.7 million, but it will also increase equity by approximately $6.1 million.

After giving effect to the conversion, as of March 31, 2014, there were 78,154,330 shares of Common Stock issued and outstanding.

The Company issued a press release regarding the conversion on April 11, 2014, which is attached as Exhibit 99.1 hereto.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

99.1 Press Release issued by the Company on April 11, 2014.

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