other material
confidence high
sentiment negative
materiality 0.70
Energous Corporation enters ATM offering agreement with H.C. Wainwright for up to $7.46 million
Energous Corp
- Energous entered an At The Market Offering Agreement with H.C. Wainwright & Co. LLC on June 21, 2024, for up to $7.46 million of common stock.
- The company filed a prospectus supplement dated December 30, 2024, to register the shares under the Securities Act.
- H.C. Wainwright will receive a 3% cash commission on gross proceeds from sales under the agreement.
- Net proceeds will be used for general expenses, R&D, potential acquisitions, regulatory activities, and business development.
- Sales may be made on the Nasdaq Capital Market or in privately negotiated transactions at prevailing market prices.