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Energous (WATT) just unveiled an update.
Energous Corporation has initiated a flexible “at the market” stock offering program with H.C. Wainwright & Co., allowing for the sale of its common stock up to $3.45 million. This arrangement enables Energous to sell shares directly into the market and use the proceeds for various corporate purposes, including general expenses, research, potential acquisitions, and regulatory activities. The company has replaced its previous agreement with Roth Capital Partners, LLC with this new arrangement, which includes a 3% commission for the sales agent and was effected without any termination penalties from the previous agreement.
Learn more about WATT stock on TipRanks’ Stock Analysis page.