Applied Energetics, Inc. (AERG)

[travel lightly]

Todays filing referenced April 30th filing:

https://www.sec.gov/Archives/edgar/data/879911/000121390020010500/ea121131-s1_appliedenergetic.htm

Which included :

The Company is offering its shares directly to the public at a price of $[0.30] per share and has no prior arrangement with any underwriter. The Company will receive all of the proceeds from its portion of this offering some of which will be used to pay expenses of this offering as set forth elsewhere in this prospectus.

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Now, read again todays filing:

https://www.sec.gov/Archives/edgar/data/879911/000121390020026542/ea126842-rw_appliedener.htm

The Company may undertake a subsequent private offering in reliance on Rule 155(c) following grant of the Order.
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Now compare above to this :


On August 31, 2020, Applied Energetics, Inc. completed its bridge financing consisting of the issuance of 10% Promissory Notes in the aggregate original principal amount of $5,411,698, which amount includes $1,087,698 which were issued upon exchange for principal and/or interest due on outstanding promissory notes that were previously issued by the company. These notes bear interest at a rate of 10% per annum. At any time after October 15, 2020 until July 15, 2021, the date of maturity, (i) each investor may elect to convert these notes into shares of our common stock, at a conversion price of $0.30 per share and (ii) the company may elect to prepay, either in cash or in shares of common stock at a price of $0.30 per share, at the option of the holder, the amount of principal and interest then outstanding under each note. In the event we elect to prepay the notes, we will notify the holders, each of whom will then have five business days to notify the company if they prefer to receive such prepayment in cash or stock. These notes are payable in full at maturity. In lieu of repayment of the principal and interest on the notes at maturity, the company may elect to convert the amounts due into shares of common stock at a price of $0.15 per share.

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Now, if it's still not clear, read about Rule 477(a).


:)