 Energy Focus Inc NASDAQ: EFOI has entered into definitive securities purchase agreements with institutional investors to sell 1.28 million shares of common stock and warrants to purchase up to 1.28 million shares, in combinations of one share or one pre-funded warrant and one warrant for a combined purchase price of 3.52. Each warrant is exercisable into one share of common stock at a price per share of 3.52 and will expire five years from the initial exercise date. 