Stock_Barber
2 days ago
Form 424B5 - Prospectus [Rule 424(b)(5)]
December 31 2024 - 6:18AM
Edgar (US Regulatory)
Filed Pursuant to Rule 424(b)(5)
Registration No. 333-261087
Prospectus Supplement (To Prospectus Dated December 16, 2021)
Energous Corporation
Up to $7,460,000 of Common Stock
We have entered into an At-the-Market Offering Agreement, dated June 21, 2024 (the “Sales Agreement”), with H.C. Wainwright & Co., LLC (“Wainwright” or the “sales agent”) relating to shares of our common stock, par value $0.00001 per share (“common stock”), offered by this prospectus supplement and the accompanying prospectus. In accordance with the terms of the Sales Agreement, we may from time to time offer and sell shares of our common stock having a maximum aggregate offering price of up to $7,460,000 through Wainwright as our sales agent or principal under this prospectus supplement and the accompanying prospectus.
abew4me
2 weeks ago
Yes. I'm fully aware. The $1 minimum bid price rule is easily satisfied with a reverse split.
As for the "$2.5 million minimum stockholders' equity requirement" (which includes a few options) can be temporarily satisfied by the following submission:
"Under Nasdaq listing rules and as specified in the Notice, the Company has 45 calendar days from the date of the Notice, or until January 20, 2025, to submit to the Staff a plan to regain compliance with the Stockholders’ Equity Requirement. If the Company’s plan to regain compliance is accepted, Nasdaq may grant an extension of up to 180 calendar days from the date of the Notice for the Company to evidence compliance. The Company is presently evaluating various courses of action to regain compliance and intends to timely submit a plan to Nasdaq to regain compliance with the Stockholders’ Equity Requirement. There can be no assurance that the Company’s plan will be accepted or that if it is, that the Company will be able to regain compliance with the Stockholders’ Equity Requirement."
I believe they (Energous) will indeed submit a plan within the time period allocated...thereby giving them 180 days to execute their other plan to raise money. Part of that plan is to raise money through the current offering that I participated in. The other part (IMO) is to leverage the contract with Walmart so that they can borrow money from financial sources. They already have $434,000 in the bank. They only need another $2 million to satisfy the requirement.
I'm confident they will achieve the requirements of the NASDAQ.
Stock_Barber
2 weeks ago
You are aware of this correct?
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On December 4, 2024, Energous Corporation d/b/a Energous Wireless Power Solutions (the “Company”) received notice (the “Notice”) from the staff of the Listing Qualifications department (the “Staff”) of The Nasdaq Stock Market (“Nasdaq”) indicating the Company that the Company was not in compliance with the minimum stockholders’ equity requirement for continued listing as set forth in Nasdaq Listing Rule 5550(b)(1) (the “Stockholders’ Equity Requirement”), because the Company’s stockholders’ equity of $434,000, as reported in the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2024, was below the required minimum of $2.5 million, and the Company did not meet either the alternative compliance standards relating to market value of listed securities of at least $35 million or net income from continuing operations of at least $500,000 in the most recently completed fiscal year or in two of the last three most recently completed fiscal years.
Under Nasdaq listing rules and as specified in the Notice, the Company has 45 calendar days from the date of the Notice, or until January 20, 2025, to submit to the Staff a plan to regain compliance with the Stockholders’ Equity Requirement. If the Company’s plan to regain compliance is accepted, Nasdaq may grant an extension of up to 180 calendar days from the date of the Notice for the Company to evidence compliance. The Company is presently evaluating various courses of action to regain compliance and intends to timely submit a plan to Nasdaq to regain compliance with the Stockholders’ Equity Requirement. There can be no assurance that the Company’s plan will be accepted or that if it is, that the Company will be able to regain compliance with the Stockholders’ Equity Requirement.
As previously reported, on August 29, 2024, the Company received a separate notice from the Staff indicating that the Company was not in compliance with the $1.00 minimum bid price requirement for continued listing on The Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Rule”). In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has a period of 180 calendar days, or until February 25, 2025, to regain compliance with the Bid Price Rule.
The Company intends to continue to actively monitor the bid price of shares of its common stock and may, if appropriate, consider implementing available options to regain compliance with the Bid Price Rule, which options may include effecting a reverse stock split, if necessary, to attempt to regain compliance. There can be no assurance that the Company will be able to regain compliance with the Bid Price Rule or will otherwise be in compliance with other Nasdaq Listing Rules, including the Stockholders’ Equity Requirement. The Company’s failure to regain compliance with any Nasdaq Listing Rule could result in delisting.
These notices have no immediate effect on the listing or trading of the Company’s common stock on The Nasdaq Capital Market, which will continue to trade under the symbol “WATT”.
abew4me
2 weeks ago
It's good to be skeptical when you're investing your hard-earned money. And yes, Walmart is known for evaluating new technology on a small scale...but once the technology passes their Proof of Concept phase, they will make a large order to incorporate the new technology nationwide...which is exactly what they're doing with Energous! (See below)
*************************************************************************************************************
As part of this initial phase of the project, more than 1,500 Energous 2W PowerBridge transmitter systems are anticipated to begin shipping by the end of this year, representing an order of approximately $0.3 million, to provide the backbone of new wireless power networks (WPNs) that are slated to be installed in the first quarter of 2025. This initial investment by the Fortune 10 retailer is expected to significantly improve supply chain visibility and control of perishable and dry goods for multiple grocery distribution centers and approximately 140 US retail locations out of the 500 expected to be installed during fiscal year 2025. The retailer is also implementing additional Energous PowerBridge transmitters to improve overall grocery distribution and transportation efficiency in these installed locations.
"We are proud to reach such a critical milestone in the commercial adoption of our 2W PowerBridge transmitter technology,” said Mallorie Burak, CEO and CFO of Energous Wireless Power Solutions. “We’ve partnered closely with this customer since the start of our initial Proof of Concept phase in 2023, where our innovative WPN solutions not only met but exceeded the stringent performance metrics required to proceed—delivering up to 99 percent visibility of all tracked assets and inventory, from the warehouse to the store.
“The strong empirical results from our pilot program allowed us to expand our initial relationship to now include dry goods distribution in addition to perishable goods, and was a key consideration in their decision to proceed with a nationwide rollout of our WPN technologies. Our 2W PowerBridge transmitters are expected to play a central role in enhancing our customer’s grocery distribution visibility and control, providing them with always-on access to critical data, and delivering operational efficiency with fewer batteries for smarter, more sustainable business operations. Our technology was specifically incorporated by the client as a core component in their modernization program, putting us in excellent position to participate in all phases of this groundbreaking modernization program across more than 4,700 US locations,” added Burak.
abew4me
2 weeks ago
True. The initial order is only $300,000...but that represents the first part of a scalable order that will last for the next five years. I assure you that other retailers will be following Walmart's lead. Home Depot...Costco...Ace Hardware...TJX...etc, etc. (Go back and look at the top 10 retailers that I posted earlier)
New technology always starts off with a high price. But large orders (like Walmart) brings the costs down. They determined the cost/savings ratio is well worth the investment...and so will the other customers.
Energous Corporation d/b/a Energous Wireless Power Solutions (NASDAQ: WATT), a pioneer in scalable, over-the-air (OTA) wireless power networks (WPNs), today announced it has been awarded the first phase of a multi-stage project by a Fortune 10 multinational retailer. This modernization project is part of a nationwide infrastructure optimization program undertaken by the retailer, which is expected to upgrade approximately 4,700 retail locations over the next three to five years.
As part of this initial phase of the project, more than 1,500 Energous 2W PowerBridge transmitter systems are anticipated to begin shipping by the end of this year, representing an order of approximately $0.3 million, to provide the backbone of new wireless power networks (WPNs) that are slated to be installed in the first quarter of 2025. This initial investment by the Fortune 10 retailer is expected to significantly improve supply chain visibility and control of perishable and dry goods for multiple grocery distribution centers and approximately 140 US retail locations out of the 500 expected to be installed during fiscal year 2025. The retailer is also implementing additional Energous PowerBridge transmitters to improve overall grocery distribution and transportation efficiency in these installed locations.
"We are proud to reach such a critical milestone in the commercial adoption of our 2W PowerBridge transmitter technology,” said Mallorie Burak, CEO and CFO of Energous Wireless Power Solutions. “We’ve partnered closely with this customer since the start of our initial Proof of Concept phase in 2023, where our innovative WPN solutions not only met but exceeded the stringent performance metrics required to proceed—delivering up to 99 percent visibility of all tracked assets and inventory, from the warehouse to the store.
“The strong empirical results from our pilot program allowed us to expand our initial relationship to now include dry goods distribution in addition to perishable goods, and was a key consideration in their decision to proceed with a nationwide rollout of our WPN technologies. Our 2W PowerBridge transmitters are expected to play a central role in enhancing our customer’s grocery distribution visibility and control, providing them with always-on access to critical data, and delivering operational efficiency with fewer batteries for smarter, more sustainable business operations. Our technology was specifically incorporated by the client as a core component in their modernization program, putting us in excellent position to participate in all phases of this groundbreaking modernization program across more than 4,700 US locations,” added Burak.
abew4me
3 weeks ago
Energous Awarded Scalable Multi-Phase Contract With Fortune 10 Retailer
December 03 2024 - 7:00AM
Energous 2W PowerBridge Transmitter Integrated for Deployment in Over 4,700 US Locations
Energous Corporation d/b/a Energous Wireless Power Solutions (NASDAQ: WATT), a pioneer in scalable, over-the-air (OTA) wireless power networks (WPNs), today announced it has been awarded the first phase of a multi-stage project by a Fortune 10 multinational retailer. This modernization project is part of a nationwide infrastructure optimization program undertaken by the retailer, which is expected to upgrade approximately 4,700 retail locations over the next three to five years.
As part of this initial phase of the project, more than 1,500 Energous 2W PowerBridge transmitter systems are anticipated to begin shipping by the end of this year, representing an order of approximately $0.3 million, to provide the backbone of new wireless power networks (WPNs) that are slated to be installed in the first quarter of 2025. This initial investment by the Fortune 10 retailer is expected to significantly improve supply chain visibility and control of perishable and dry goods for multiple grocery distribution centers and approximately 140 US retail locations out of the 500 expected to be installed during fiscal year 2025. The retailer is also implementing additional Energous PowerBridge transmitters to improve overall grocery distribution and transportation efficiency in these installed locations.
"We are proud to reach such a critical milestone in the commercial adoption of our 2W PowerBridge transmitter technology,” said Mallorie Burak, CEO and CFO of Energous Wireless Power Solutions. “We’ve partnered closely with this customer since the start of our initial Proof of Concept phase in 2023, where our innovative WPN solutions not only met but exceeded the stringent performance metrics required to proceed—delivering up to 99 percent visibility of all tracked assets and inventory, from the warehouse to the store.
“The strong empirical results from our pilot program allowed us to expand our initial relationship to now include dry goods distribution in addition to perishable goods, and was a key consideration in their decision to proceed with a nationwide rollout of our WPN technologies. Our 2W PowerBridge transmitters are expected to play a central role in enhancing our customer’s grocery distribution visibility and control, providing them with always-on access to critical data, and delivering operational efficiency with fewer batteries for smarter, more sustainable business operations. Our technology was specifically incorporated by the client as a core component in their modernization program, putting us in excellent position to participate in all phases of this groundbreaking modernization program across more than 4,700 US locations,” added Burak.
About Energous Wireless Power Solutions
Energous Corporation d/b/a Energous Wireless Power Solutions (NASDAQ: WATT) is pioneering scalable, over-the-air (OTA) wireless power networks that enable unprecedented levels of visibility, control, and intelligent business automation. The Company’s wireless power transmitter and receiver technologies deliver continuous access to wireless power, helping drive a new generation of battery-free devices for asset and inventory tracking and management—from retail sensors, electronic shelf labels, and asset trackers, to air quality monitors, motion detectors, and more. For more information, visit http://www.energous.com/ or follow on LinkedIn.
abew4me
3 weeks ago
Join Me in Helping to Build a Battery-Free Future.
Dear ________, (I removed my name for confidential reasons)
This is Mallorie Burak, CEO and CFO of Energous Wireless Power Solutions.
I’m so grateful to have you as a member of our community, and I want to make sure you don’t miss this limited-time opportunity to invest in Energous’ current offering.
We’re raising funds through this Reg A offering to give everyone—not just institutional investors—the chance to join us as we push the boundaries of wireless power. With the support of platforms like DealMaker, we’ve made the process of becoming a shareholder as simple and accessible as possible.
Here’s why we’re excited about this moment:
Innovative Technology: Our RF-based wireless power networks solution enables unprecedented levels of visibility, control and automation across multiple industries.
Massive Market Potential: We have a $650 billion total market opportunity, targeting major industries like logistics and retail.
Proven Success: We’re backed by 250+ patents and regulatory certifications in 110+ countries.
Together, we can help scale Energous and drive the world toward a smarter, wireless future. Join us now and help us lead the IoT revolution.
Sincerely,
Mallorie Burak
CEO & CFO, Energous Wireless Power Solutions
INVEST NOW
?
Energous is offering securities through the use of an Offering Statement that has been qualified by the Securities and Exchange Commission under Tier II of Regulation A. Before making any investment, you are urged to read the Final Offering Circular carefully for a more complete understanding of the issuer and the offering. There is no guarantee of return, and you should only invest money that you can afford to lose. Use proper risk management when considering this investment.
The securities offered by Energous are highly speculative. Investing in these securities involves significant risks. The investment is suitable only for persons who can afford to lose their entire investment. Investors must understand that such investment could be illiquid for an indefinite period of time. There is no existing public trading market for the Series A Preferred Stock. Energous does not intend to apply for listing of the Series A Preferred Stock or the common stock purchase warrants on a national securities exchange or quoted on an over the counter market. A copy of the Final Offering Circular that forms a part of the Offering Statement may be obtained from here.
Trade smarter, not harder: Unleash your inner pro with our toolkit and live discussions.
firebag1
2 days ago
crudeoil24
2 days ago
Zardiw
3 days ago
TheFinalCD
3 days ago
maximus_art
3 days ago
glenn1919
3 days ago
Hot Features
Premium
