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SAN JOSE, CA--(Marketwired - December 10, 2014) - Energous Corporation ("Energous") (NASDAQ: WATT), today announced the pricing of an underwritten public offering of 2,857,143 shares of its common stock at a price of $7.00 per share to the public. The net proceeds to Energous from this offering are expected to be approximately $18.2 million, after deducting underwriting discounts and commissions and other estimated offering expenses payable by Energous. The offering is expected to close on or about December 15, 2014, subject to the satisfaction of customary closing conditions. Energous has granted the underwriters a 30-day option to purchase up to an aggregate of 428,571 additional shares of common stock. Energous anticipates using the net proceeds from the offering to accelerate its product development efforts, regulatory activities, business development and support functions, and for general and administrative expenses and other general corporate purposes. |
