Energous prices $2.0M registered direct offering at $1.96 per share

Energous announced that it has entered into a definitive securities purchase agreement with a certain institutional investor for the purchase and sale of 1,020,409 shares of the Company’s common stock and warrants to purchase up to 1,020,409 shares of common stock at an offering price of $1.96 per share of common stock (or common stock equivalent) and accompanying warrant in a registered direct offering priced at-the-market under Nasdaq rules. The warrants have an exercise price of $1.84 per share, will be immediately exercisable upon issuance and will have a term of five years following the date of issuance. The closing of the offering is expected to occur on or about February 20, 2024, subject to the satisfaction of customary closing conditions. Roth Capital Partners is acting as the exclusive placement agent for the offering.