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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Tue., Nov. 24, 5:06 PM

Slide #10. Energous Corporation Secondary Offering

Company: Energous Corporation (NASDAQ:WATT)
Date announced: 11/17/2015
Shares Offered: 2,608,700
Date of Pricing: 11/17/2015
Price Per Share: $6.90
Secondary Offering Details: Energous Corporation ("Energous" or "the Company") (NASDAQ: WATT), the developer of WattUp, a revolutionary wire-free charging technology for mobile and IoT devices that provides "over-the-air" power at a distance of up to 15 feet, today announced the pricing of an underwritten public offering of 2,608,700 shares of its common stock at a price of $6.90 per share to the public. Energous has also granted the underwriters a 30-day option to purchase up to an additional 391,305 shares of common stock to cover overallotments in connections with the offering. The net proceeds to Energous from this offering are expected to be approximately $16.5 million, after deducting the underwriting discount and estimated offering expenses payable by Energous. The Company intends to use the net proceeds from this offering to accelerate its product development efforts, regulatory activities, business development and support functions, and for general and administrative expenses and other general corporate purposes. The offering is expected to close on or about November 20, 2015, subject to customary closing conditions.

Energous is a development stage company. Co. is developing technology that can enable wire-free charging of electronic devices at a distance and with mobility under software control. Co. provides WattUp technology, which consists of multiple transmitter and receiver application specific integrated circuit chips and antenna designs driven through innovative algorithms and software applications. Co.'s technology can be utilized in a range of devices, including smart phones, tablets, e-book readers, wearables, keyboards, mice, remote controls, rechargeable lights and any other devices with similar charging requirements that would otherwise need a battery or a connection to a power outlet.
Open the WATT Page at The Online Investor »

Company Name:  Energous Corp
Sector:  Electronic Equipment & Products
Number of ETFs Holding WATT:  1
Total Market Value Held by ETFs:  $209601
Total Market Capitalization:  $94.00M
% of Market Cap. Held by ETFs:  0.22%

Open the WATT Page at The Online Investor (in a new window) »

November 24, 2015    5:06 PM Eastern
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Strong Buy (4.00 out of 4)
87th percentile
(ranked higher than approx. 87% of all stocks covered)
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