ENERGOUS CORPORATION (NASDAQ:WATT) Files An 8-K Unregistered Sales of Equity SecuritiesItem 3.02.
On December 29, 2016, Energous Corporation (“Company”) agreed to sell 292,056 shares of its common stock to a single investor for an aggregate purchase price of $4,999,998.72, without underwriting discount or commission. The offer and sale of these shares was exempt from registration under the Securities Act, to Section 4(a)(2) of the Securities Act and Rule 506 promulgated thereunder, based on the fact that it was a sale to only one purchaser, which immediately prior to making the sale the Company believed to be an accredited investor.