Energous announced the pricing of an underwritten offering of shares of the company’s common stock and warrants. The shares of common stock are being sold at a public offering price of $0.40 per share and accompanying warrant. The aggregate gross proceeds from this offering are expected to be approximately $3.3 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by the company and excluding the exercise of any warrants. Roth Capital Partners is acting as sole book-running manager for the offering with Ladenberg Thalmann acting as co-manager for the offering.
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