Applied Energetics converts DoD grant to contract; ceiling value $1.22M

APPLIED ENERGETICS, INC.

Grant from U.S. Department of Defense customer transitioned into a contract effective March 12, 2024.
New contract supersedes May 2022 grant; ceiling value of $1,217,535 with base period through Nov 11, 2024.
Unfunded 12-month option period extends to Nov 11, 2025; company will provide more details upon government approval.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.