other_material
confidence high
sentiment neutral
materiality 0.50
Energous to effect 1-for-30 reverse stock split to meet Nasdaq bid price rule
Energous Corp
- Reverse stock split approved by stockholders on June 11, 2025; effective 12:01 a.m. ET August 11, 2025.
- Every 30 shares of common stock will combine into 1 share; no fractional shares issued, cash in lieu.
- Ticker WATT unchanged; new CUSIP 29272C 301; trading on split-adjusted basis from August 11.
- Proportionate adjustments to outstanding equity awards, warrants, and equity plan share reserves.
- Purpose: bring common stock into compliance with Nasdaq's minimum bid price requirement.
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