Applied Energetics completes $4.8M private placement of 6.4M shares at $0.75/share

APPLIED ENERGETICS, INC.

Closed private placement of 6,405,666 shares (or pre-funded warrants) at $0.75 per share for ~$4.8M aggregate proceeds.
Pre-funded warrants exercisable at $0.001 per share with a 5% beneficial ownership cap.
Proceeds to be used for product development, strategic partnerships, and general corporate purposes.
Placement closed January 14, 2025; accredited investors under Section 4(a)(2) exemption.

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