Energous (WATT) Registration Filing summary

Company overview and business model

• Develops over-the-air wireless power network technology for IoT devices, including chipsets, software, hardware, and antennas.

• Technology enables RF-based charging for a range of IoT applications, supporting both near field and at-a-distance wireless charging.

• Commercial products include transmitters and receivers for asset tracking, retail sensors, electronic shelf labels, and environmental monitors.

• First end product launched in 2019, with ongoing releases of wireless power-enabled products.

Financial performance and metrics

• As of December 12, 2024, public float was approximately $6.2 million, with 10,126,629 shares held by non-affiliates.

• $2.06 million of securities sold in the 12 months prior to the filing date under Form S-3.

Use of proceeds and capital allocation

• Net proceeds intended for general and administrative expenses, research and product development, potential acquisitions, regulatory activities, and business development.

• Management retains broad discretion over allocation of proceeds.