Energous raises $11.4M via ATM, meets Nasdaq equity requirement for continued listing

Energous Corp

Sold ~11.8M shares for net proceeds of ~$11.4M via ATM (Dec 31, 2024–Jan 15, 2025); stockholders' equity exceeds $5M.
Company expects to meet Nasdaq minimum stockholders' equity requirement (Rule 5550(b)(1)), subject to Nasdaq notification.
2024 milestones include Fortune 10 retailer contract, FCC certification for 2W PowerBridge, and retailer orders.
Engaged to develop battery-free smart tag for global RFID leader; won IoT Breakthrough Awards.
CEO says funding enables growth initiatives and backlog execution; also conducting non-traded convertible preferred offering.

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