SAN JOSE, CA--(Marketwired - January 24, 2018) - Energous Corporation (NASDAQ: WATT), the developer of WattUp®, a revolutionary wire-free, over-the-air, power-at-a-distance charging technology, today announced it has completed an offering of shares of its common stock, pursuant to an at-the-market equity program described in a prospectus supplement dated January 12, 2018 and filed with the SEC. After deducting commissions and other estimated expenses, net proceeds to Energous were approximately $39 million. The Company intends to use the net proceeds from the offering for general corporate purposes. Raymond James & Associates, Inc. acted as sales agent for the program. The program commenced on January 12, 2018 and was completed on January 23, 2018. In total, approximately 2.2 million shares of common stock were sold at a weighted average stock price of $18.01. The Company is no longer offering shares of Common Stock under this program. "We have successfully executed a financing program that positions Energous well to capitalize on the significant market opportunity for our FCC-certified, WattUp charging-at-a-distance technology," said Stephen R. Rizzone, President and CEO of Energous. "We chose this financing structure because it was the least dilutive, most efficient and cost-effective option that we evaluated. With a significantly strengthened balance sheet, we are now laser focused on executing the next phase of growth for Energous."
Energous Corporation Completes $40 Million At-The-Market Equity Offering | wallstreet-online.de - Vollständiger Artikel unter:
www.wallstreet-online.de/nachricht/...-market-equity-offering
Energous Corporation Completes $40 Million At-The-Market Equity Offering | wallstreet-online.de - Vollständiger Artikel unter:
www.wallstreet-online.de/nachricht/...-market-equity-offering
