Energous Corp (WATT): Nasdaq/NYSE listing notice — Energous receives Nasdaq non-compliance notice for stockholders' equity below $2.5M minimum

Energous Corp

Stockholders' equity of $434,000 as of Sep 30, 2024, below Nasdaq's $2.5M minimum.
Company has until Jan 20, 2025 to submit a plan to regain compliance.
Also remains non-compliant with $1.00 minimum bid price rule, cure period ends Feb 25, 2025.
Failure to regain compliance could result in delisting of WATT from Nasdaq.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Energous Corp received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: stockholders equity
Rules: 5550(b)(1)

Exact text from the filing

December 4, 2024, Energous Corporation d/b/a Energous Wireless Power Solutions (the “Company”) received notice (the “Notice”) from the staff of the Listing Qualifications department (the “Staff”) of The Nasdaq Stock Market (“Nasdaq”) indicating the Company that the Company was not in compliance with the minimum stockholders’ equity requirement for continued listing as set forth in Nasdaq Listing Rule 5550(b)(1) (the “Stockholders’ Equity Requirement”), because the Company’s stockholders’ equity of $434,000, as reported in the Company’s Quarterly Report on Form 10-Q for the quarterly period end

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Energous Corp filing history →

Source: SEC EDGAR

accession 0001104659-24-126360

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