Energous Corp: Certificate of Amendment to Second Amended and Restated Certificate of Incorporation to effect a 1-for-30 reverse stock split of common stock, effective 12:01 a.m. ET on August 11, 2025, to meet Nasdaq minimum bid price requirement (effective 2025-08-11).
“On August 7, 2025, as approved by the stockholders of Energous Corporation d/b/a Energous Wireless Power Solutions (the “Company”) on June 11, 2025, the Company filed a Certificate of Amendment (the “Amendment”) to its Second Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware to effect a 1-for-30 reverse stock split (the “Reverse Stock Split”) of the Company’s common stock, $0.00001 par value per share (the “Common Stock”), to be effective as of 12:01 a.m. Eastern Time on August 11, 2025 (the “Effective Time”).”
Mallorie Burak was appointed as Director at Energous Corp.
“On October 16, 2024, the Board of Directors (the “Board”) of Energous Corporation d/b/a Energous Wireless Power Solutions (the “Company”) appointed Mallorie Burak as the permanent Chief Executive Officer of the Company and as a member of the Board, each effective immediately.”
Mallorie Burak was appointed as Chief Executive Officer at Energous Corp.
“On October 16, 2024, the Board of Directors (the “Board”) of Energous Corporation d/b/a Energous Wireless Power Solutions (the “Company”) appointed Mallorie Burak as the permanent Chief Executive Officer of the Company and as a member of the Board, each effective immediately.”
Earnings Releases
Energous Corp reported the three months ended March 31, 2024 results: revenue approximately $0.1 million, net income approximately $(6.6) million, EPS $(1.11) per basic and diluted share.
“and provided an update on recent partnerships and company highlights. First Quarter 2024 Financial Results · Revenue for the three months ended March 31, 2024 of approximately $0.1 million versus $0.1 million in the 2023 period. · Costs and expenses for the three months ended March 31, 2024 totaled $6.7 million versus $6.4 million in the 2023 period. Total first”
David Roberson was appointed as Chairman of the Board at Energous Corp.
“In addition, on April 24, 2024, the Board appointed David Roberson as Chairman of the Board, and also appointed Mr. Roberson to replace Ms. Au on the previously announced Office of the Chair.”
Reynette Au resigned as Director at Energous Corp.
“On April 24, 2024, Reynette Au resigned as a member of the Board of Directors (the “Board”) of Energous Corporation (the “Company”), effective immediately.”
Auditor Changes
Energous Corp engaged BPM LLP as its auditor.
“As a result of this process, on April 11, 2024, the Committee appointed BPM LLP (“BPM”) as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024. Also on April 11, 2024, the Company, with the approval of the Committee, dismissed Marcum LLP (“Marcum”) as the Company’s independent registered public accounting firm, effective immediately. The reports of Marcum on the Company’s financial statements as of and for the fiscal years ended December 31, 2023 and 2022 did not contain an adverse opinion or a disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles. During the fiscal years ended December 31, 2023 and 2022, and in the subsequent interim period through April 11, 2024, there were (i) no “disagreements” (within the meaning of Item 304(a) of Regulation S-K) with Marcum on any matte”
Auditor Changes
Energous Corp dismissed Marcum LLP as its auditor.
“Also on April 11, 2024, the Company, with the approval of the Committee, dismissed Marcum LLP (“Marcum”) as the Company’s independent registered public accounting firm, effective immediately.”
Earnings Releases
Energous Corp reported the year ended December 31, 2023 results: revenue approximately $0.5 million, net income approximately $(19.4) million, EPS $(4.15) per basic and diluted share.
“results for the year ended December 31, 2023, and provided an update on recent partnerships and company highlights. 2023 Financial Results · 2023 revenue of approximately $0.5 million versus $0.9 million in 2022. · Total costs and expenses were significantly reduced in 2023 from approximately $27.5 million in 2022 to approximately $22.6 million in 2023,”
Mallorie Burak was appointed as interim principal executive officer at Energous Corp.
“As of the Effective Date, the Board appointed Mallorie Burak, the Company’s Chief Financial Officer, to also serve as interim principal executive officer until the appointment of a permanent replacement chief executive officer for the Company.”
Cesar Johnston resigned as President and Chief Executive Officer at Energous Corp.
“Effective March 24, 2024 (the “Effective Date”), Cesar Johnston is no longer serving as President and Chief Executive Officer of Energous Corporation (the “Company”).”
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