Replies to post #1954 on Energous Corp. (WATT)

[abew4me]

Energous Announces $5 Million Registered Direct Offering, Warrant Exercise

11:15 AM EDT, 09/10/2025 (MT Newswires) -- Energous (WATT) on Wednesday announced a registered direct offering and simultaneous warrant exercise, with expected gross proceeds of about $5 million.

The company said it will issue 585,347 shares and warrants to buy the same number of shares at $7.92 per share. The warrants, exercisable at $7.79 per share, will expire five years after issuance.

Concurrently, the company said it will immediately exercise 47,764 previously issued warrants from 2023 and 2024 at $6.7595 and $7.79 per share, respectively.

Net proceeds will be used for working capital and general corporate purposes, it added.

The transactions are expected to close on Thursday.