other material
confidence high
sentiment neutral
materiality 0.55
Energous Corp announces 1-for-20 reverse stock split effective August 16, 2023
Energous Corp
- Reverse split at 1-for-20 ratio; effective 12:01am ET on August 16, 2023.
- Shares outstanding reduced from ~92.1M to ~4.6M; no fractional shares issued.
- Common stock continues trading on Nasdaq under symbol WATT with new CUSIP 29272C202.
- Stockholders approved the reverse split on June 14, 2023; par value and voting rights unchanged.
- Outstanding options/warrants adjusted proportionately; cash in lieu of fractional shares.