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Energous plans to price $20 million public offering of stock
Oppenheimer is bookrunner; Roth Capital, National Securities to assist
By Devika Patel
Knoxville, Tenn., Nov. 12 – Energous Corp. plans a $20 million public sale of its common stock with a $3 million greenshoe, according to a Form S-1 filed Wednesday with the Securities and Exchange Commission.
Oppenheimer & Co. is the bookrunning manager. Roth Capital Partners is the lead manager, and National Securities Corp. is the co-manager.
Proceeds will be used for product development, regulatory activities, business development, support functions, general and administrative expenses and other general corporate purposes.
The San Jose, Calif.-based company is developing technology that can enable wireless charging or powering of electronic devices at a distance.
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