Applied Energetics completes $6.586M private placement of 2.99M shares at $2.20 each

APPLIED ENERGETICS, INC.

Closed private placement of 2,993,727 shares at $2.20/share for gross proceeds of $6,586,200.
Proceeds to accelerate development of ultrashort pulse laser directed energy solutions and add personnel, inventory, capital equipment.
Shares sold to accredited investors in an exempt offering under Section 4(a)(2) of the Securities Act.
CEO Dr. Gregory Quarles cites strong investor confidence; funds to accelerate USPL technology deployment.

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