other material
confidence high
sentiment negative
materiality 0.70
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.