Applied Energetics raises $5.2M via private placement of 2.36M shares at $2.20/share

APPLIED ENERGETICS, INC.

Placed 2,357,273 shares at $2.20 per share for aggregate proceeds of $5,186,000.
Sale completed on November 14-16, 2022 to accredited investors in a private transaction.
Exemption from registration claimed under Section 4(a)(2) of the Securities Act.
Ticker AERG trades on OTCQB; no use of proceeds specified.

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