Energous Raises $13.4 Million Year-to-Date and Provides Update on Growth in 2025
Energous (NASDAQ: WATT) has announced significant financial developments in early 2025, raising $13.4 million through its ATM common stock equity offering program. The company has also increased the program's capacity to allow for up to $80 million in additional shares.
The raised capital, combined with cost reduction measures implemented during 2024 and Q1 2025, is expected to provide sufficient funding for at least 12 months of operations, including capital expenditures and business opportunities. The company anticipates increased orders from two multinational retail customers, with potential acceleration due to upcoming government regulations like the Food Safety Modernization Act in 2026.
As a result of these developments, Energous will withdraw its previously announced Regulation A Offering Statement and terminate the offering, having not closed any securities sales under this program. The company believes focusing on strategic cost-cutting, product sales development, and maintaining access to less dilutive financing will better serve shareholder interests.
Energous (NASDAQ: WATT) ha annunciato importanti sviluppi finanziari all'inizio del 2025, raccogliendo 13,4 milioni di dollari attraverso il suo programma di offerta di azioni comuni ATM. L'azienda ha anche aumentato la capacità del programma per consentire fino a 80 milioni di dollari in azioni aggiuntive.
Il capitale raccolto, insieme alle misure di riduzione dei costi implementate nel 2024 e nel primo trimestre del 2025, dovrebbe fornire un finanziamento sufficiente per almeno 12 mesi di operazioni, comprese le spese in conto capitale e le opportunità commerciali. L'azienda prevede un aumento degli ordini da parte di due clienti al dettaglio multinazionali, con una potenziale accelerazione a causa delle prossime normative governative come il Food Safety Modernization Act nel 2026.
Come risultato di questi sviluppi, Energous ritirerà la sua precedente Dichiarazione di Offerta di Regolamento A e terminerà l'offerta, non avendo concluso alcuna vendita di titoli nell'ambito di questo programma. L'azienda ritiene che concentrarsi su tagli strategici dei costi, sviluppo delle vendite di prodotti e mantenimento dell'accesso a finanziamenti meno diluitivi servirà meglio gli interessi degli azionisti.
Energous (NASDAQ: WATT) ha anunciado desarrollos financieros significativos a principios de 2025, recaudando 13.4 millones de dólares a través de su programa de oferta de acciones comunes ATM. La compañía también ha aumentado la capacidad del programa para permitir hasta 80 millones de dólares en acciones adicionales.
El capital recaudado, combinado con las medidas de reducción de costos implementadas durante 2024 y el primer trimestre de 2025, se espera que proporcione financiamiento suficiente para al menos 12 meses de operaciones, incluyendo gastos de capital y oportunidades comerciales. La empresa anticipa un aumento de pedidos de dos clientes minoristas multinacionales, con una posible aceleración debido a las próximas regulaciones gubernamentales como la Ley de Modernización de la Seguridad Alimentaria en 2026.
Como resultado de estos desarrollos, Energous retirará su Declaración de Oferta de Regulación A previamente anunciada y terminará la oferta, no habiendo cerrado ninguna venta de valores bajo este programa. La empresa cree que enfocarse en recortes estratégicos de costos, desarrollo de ventas de productos y mantener el acceso a financiamiento menos dilutivo servirá mejor a los intereses de los accionistas.
Energous (NASDAQ: WATT)는 2025년 초에 중요한 재정 발전을 발표하며, ATM 보통주 주식 공모 프로그램을 통해 1,340만 달러를 모금했습니다. 이 회사는 또한 프로그램의 용량을 증가시켜 8천만 달러의 추가 주식을 허용했습니다.
모금된 자본은 2024년과 2025년 1분기에 시행된 비용 절감 조치와 결합되어 최소 12개월의 운영 자금을 제공할 것으로 예상되며, 여기에는 자본 지출 및 사업 기회가 포함됩니다. 이 회사는 2026년의 식품 안전 현대화법과 같은 다가오는 정부 규제로 인해 두 개의 다국적 소매 고객으로부터 주문이 증가할 것으로 예상하고 있습니다.
이러한 발전의 결과로 Energous는 이전에 발표한 규제 A 공모 성명서를 철회하고, 이 프로그램 하에 어떤 증권 판매도 완료하지 않은 상태에서 공모를 종료합니다. 이 회사는 전략적 비용 절감, 제품 판매 개발 및 덜 희석적인 자금 조달에 대한 접근 유지에 집중하는 것이 주주 이익에 더 잘 부합할 것이라고 믿고 있습니다.
Energous (NASDAQ: WATT) a annoncé des développements financiers significatifs au début de 2025, levant 13,4 millions de dollars grâce à son programme d'offre d'actions ordinaires par ATM. L'entreprise a également augmenté la capacité du programme pour permettre jusqu'à 80 millions de dollars d'actions supplémentaires.
Le capital levé, combiné aux mesures de réduction des coûts mises en œuvre en 2024 et au premier trimestre 2025, devrait fournir un financement suffisant pour au moins 12 mois d'opérations, y compris les dépenses d'investissement et les opportunités commerciales. L'entreprise anticipe une augmentation des commandes de deux clients détaillants multinationaux, avec une possible accélération en raison des prochaines réglementations gouvernementales telles que la Loi sur la modernisation de la sécurité alimentaire en 2026.
À la suite de ces développements, Energous retirera sa déclaration d'offre de réglementation A précédemment annoncée et mettra fin à l'offre, n'ayant pas conclu de ventes de titres dans le cadre de ce programme. L'entreprise estime qu'il est préférable de se concentrer sur des réductions de coûts stratégiques, le développement des ventes de produits et le maintien d'un accès à un financement moins dilutif pour mieux servir les intérêts des actionnaires.
Energous (NASDAQ: WATT) hat Anfang 2025 bedeutende finanzielle Entwicklungen angekündigt und 13,4 Millionen Dollar durch sein Programm zur Emission von Stammaktien über den Geldautomaten (ATM) gesammelt. Das Unternehmen hat auch die Kapazität des Programms erhöht, um bis zu 80 Millionen Dollar an zusätzlichen Aktien zu ermöglichen.
Das aufgebrachte Kapital, kombiniert mit den im Jahr 2024 und im ersten Quartal 2025 umgesetzten Kostensenkungsmaßnahmen, wird voraussichtlich ausreichende Mittel für mindestens 12 Monate Betrieb, einschließlich Investitionsausgaben und Geschäftsmöglichkeiten, bereitstellen. Das Unternehmen erwartet einen Anstieg der Bestellungen von zwei multinationalen Einzelhandelskunden, mit einer möglichen Beschleunigung aufgrund bevorstehender staatlicher Vorschriften wie dem Food Safety Modernization Act im Jahr 2026.
Infolge dieser Entwicklungen wird Energous seine zuvor angekündigte Angebotserklärung gemäß Regulation A zurückziehen und das Angebot beenden, da unter diesem Programm keine Wertpapierverkäufe abgeschlossen wurden. Das Unternehmen glaubt, dass der Fokus auf strategische Kostensenkungen, die Entwicklung des Produktverkaufs und die Aufrechterhaltung des Zugangs zu weniger verwässernden Finanzierungen den Interessen der Aktionäre besser dienen wird.
- Secured $13.4M in funding through ATM Program
- Increased ATM Program capacity to $80M for additional funding flexibility
- Implemented cost reduction measures to extend runway
- Secured sufficient funding for at least 12 months of operations
- Anticipating increased orders from two major retail customers
- Continued reliance on equity financing through ATM Program indicates ongoing cash needs
- Potential shareholder dilution from increased ATM Program capacity
- Current operations still require external funding for sustainability
Insights
Energous 's recent financing announcement represents a critical financial lifeline for the wireless power solutions provider. The
The expanded ATM capacity to
The decision to withdraw their Regulation A offering in favor of the ATM program reflects a strategic pivot toward what management considers a more cost-effective capital raising mechanism. This suggests improving capital markets access despite their micro-cap status.
The company's reference to anticipated order increases from multinational retail customers potentially accelerated by regulatory catalysts (Food Safety Modernization Act) indicates emerging commercialization momentum after years of development-stage operations. However, investors should note that actual revenue figures and order metrics remain unspecified, making it difficult to quantify the commercial progress.
This financing effectively buys Energous important time to establish commercial traction in their wireless power technology market before facing another capital crunch.
In mid-February 2025, Energous also increased the capacity for sales of common stock under the ATM Program to up to
“Recent financial and operational milestones have not only stabilized the company but have also positioned us for sustainable growth,” said Mallorie Burak, CEO and CFO of Energous Wireless Power Solutions. “We are anticipating an increase in orders as part of the scale-up process we began early last year with two of our leading multinational retail customers, and there’s potential for an accelerated deployment schedule due to upcoming government regulations, such as the Food Safety Modernization Act, impacting retailers in early 2026.”
Given this improved financial footing, Energous will withdraw the previously announced Regulation A Offering Statement filed with the SEC and terminate the Regulation A offering. The Company has not closed on any sales of securities under the Regulation A offering.
“Our focus remains, first and foremost, to maximize shareholder value. Although there was significant interest in the Regulation A offering, we believe that strategic cost-cutting measures, increased development of product sales, and continued access to the least dilutive financing alternative at the lowest possible cost of capital will be best for both our shareholders and the company,” added Burak. “The bright spot of the offering was the ability to interact with the retail investor community. We remain grateful for the support shown by the individual investors who believe that Energous’ wireless power technology is enabling the future of intelligent business automation.”
About Energous Wireless Power Solutions
Energous Corporation d/b/a Energous Wireless Power Solutions (NASDAQ: WATT) is pioneering scalable, over-the-air (OTA) wireless power networks that enable unprecedented levels of visibility, control, and intelligent business automation. The Company’s wireless power transmitter and receiver technologies deliver continuous access to wireless power, helping drive a new generation of battery-free devices for asset and inventory tracking and management—from retail sensors, electronic shelf labels, and asset trackers, to air quality monitors, motion detectors, and more. For more information, visit https://energous.com/ or follow on LinkedIn.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this press release are forward-looking statements. Forward-looking statements may describe our future plans and expectations and are based on the current beliefs, expectations and assumptions of Energous. These statements generally use terms such as “believe,” “expect,” “may,” “will,” “should,” “could,” “seek,” “intend,” “plan,” “estimate,” “anticipate” or similar terms. Examples of forward-looking statements in this release include but are not limited to statements about our financial results and projections, statements about the success of our collaborations with our partners, statements about any governmental approvals we may need to operate our business, statements about our technology and its expected functionality, and statements with respect to expected company growth. Factors that could cause actual results to differ from current expectations include: uncertain timing of necessary regulatory approvals; timing of customer product development and market success of customer products; our dependence on distribution partners; and intense industry competition. We urge you to consider those factors, and the other risks and uncertainties described in our most recent annual report on Form 10-K as filed with the Securities and Exchange Commission (SEC), any subsequently filed quarterly reports on Form 10-Q as well as in other documents that may have been subsequently filed by Energous, from time to time, with the SEC, in evaluating our forward-looking statements. In addition, any forward-looking statements represent Energous’ views only as of the date of this release and should not be relied upon as representing its views as of any subsequent date. Energous does not assume any obligation to update any forward-looking statements unless required by law.
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Media Contacts:
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Source: Energous Corporation