March 30 (Reuters) - Focused Capital Corp
* Focused Capital Corp. provides update on proposed qualifying transaction with Agnity Global, Inc.
* Says currently anticipate proposed transaction will proceed by way of a triangular merger transaction under Delaware law
* Says Agnity Global will combine its corporate existence with a wholly-owned subsidiary of Focused
* Focused Capital says anticipate Board Of Directors of resulting issuer will consist of 5 directors, all of whom will be nominated by Agnity Global Source text for Eikon: Further company coverage: