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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Thu., Dec. 18, 8:24 AM

Slide #9. Energous Corporation Secondary Offering

Company: Energous Corporation (NASDAQ:WATT)
Date announced: 12/10/2014
Shares Offered: 2,857,143
Date of Pricing: 12/10/2014
Price Per Share: $7.00
Secondary Offering Details: Energous Corporation ("Energous") (NASDAQ: WATT), today announced the pricing of an underwritten public offering of 2,857,143 shares of its common stock at a price of $7.00 per share to the public. The net proceeds to Energous from this offering are expected to be approximately $18.2 million, after deducting underwriting discounts and commissions and other estimated offering expenses payable by Energous. The offering is expected to close on or about December 15, 2014, subject to the satisfaction of customary closing conditions. Energous has granted the underwriters a 30-day option to purchase up to an aggregate of 428,571 additional shares of common stock. Energous anticipates using the net proceeds from the 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.

Energous is a development stage technology company focused on developing a solution to delivering a wireless charging system, as a means of providing convenient, adaptive wireless power charging capabilities to low power fixed and mobile devices, such as mobile phones, tablets, toys, videogame controllers, watches, remote controls, smoke alarms, window covering deployment and retraction motors, installed sensors and night and emergency lighting fixtures that use or are capable of using a rechargeable battery. Co. is targeting both consumer and commercial enterprise markets that use such rechargeable fixed and mobile devices.
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Company Name:  Energous Corp
Website:  www.energous.com
Sector:  Electronic Equipment & Products
Number of ETFs Holding WATT:  1
Total Market Value Held by ETFs:  $86840
Total Market Capitalization:  $71.00M
% of Market Cap. Held by ETFs:  0.12%
 

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December 18, 2014    8:24 AM Eastern
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