Energous raises ~$1.7M net in registered direct offering of common, pre-funded warrants, and warrants

Energous Corp

Gross proceeds $2.0M; net proceeds ~$1.7M after fees; offering price $1.96 per share/unit.
Offering comprises 570,000 common shares, 450,409 pre-funded warrants ($0.001 exercise), and 1,020,409 warrants ($1.84 exercise, 5-yr term).
Proceeds earmarked for working capital, R&D, potential acquisitions, regulatory activities, and business development.
Roth Capital served as exclusive placement agent; closing occurred on February 20, 2024.
Warrants are immediately exercisable upon issuance and expire five years from issuance date.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Energous Corp entered into Purchase Agreement with an institutional investor valued at approximately $1.7 million (effective 2024-02-15).

Action: entry
Agreement: equity purchase
Counterparty: an institutional investor
Value: approximately $1.7 million
Effective: 2024-02-15

Exact text from the filing

On February 15, 2024, Energous Corporation (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with an institutional investor, providing for the issuance and sale by the Company, in a registered direct offering (the “Offering”), of (i) 570,000 shares of the Company’s common stock, par value $0.00001 (“Common Stock”), (ii) pre-funded warrants to purchase up to 450,409 shares of Common Stock (the “Pre-Funded Warrants”), and (iii) warrants to purchase up to an aggregate of 1,020,409 shares of Common Stock (the “Warrants”).

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19 material agreements filed in the last 30 days. Browse all material agreements →

Energous Corp filing history →

Source: SEC EDGAR

accession 0001193125-24-039956

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