Applied Energetics Files 8-K on Equity Sales
Ticker: AERGP · Form: 8-K · Filed: Feb 6, 2025 · CIK: 879911
| Field | Detail |
|---|---|
| Company | Applied Energetics, Inc. (AERGP) |
| Form Type | 8-K |
| Filed Date | Feb 6, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001, $0.75, $0.749, $1,200,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: unregistered-sales, equity-securities, 8-k
TL;DR
AEGS sold unregistered equity, watch for dilution.
AI Summary
On February 6, 2025, Applied Energetics, Inc. filed an 8-K report detailing unregistered sales of equity securities. The company, formerly known as Ionatron, Inc., is incorporated in Delaware and headquartered in Tucson, Arizona. This filing indicates a transaction involving the issuance of equity without prior registration with the SEC.
Why It Matters
This filing signals potential dilution for existing shareholders and may indicate the company is raising capital through non-traditional means.
Risk Assessment
Risk Level: medium — Unregistered equity sales can lead to dilution and may signal financial distress or a need for capital outside of public markets.
Key Players & Entities
- APPLIED ENERGETICS, INC. (company) — Registrant
- February 6, 2025 (date) — Date of report
- Tucson, AZ (location) — Company headquarters
- IONATRON, INC. (company) — Former company name
FAQ
What type of equity securities were sold?
The filing indicates unregistered sales of equity securities, but the specific type (e.g., common stock, warrants) is not detailed in the provided excerpt.
Were these sales to accredited investors?
The filing mentions 'Unregistered Sales of Equity Securities,' which often implies sales made under exemptions like Regulation D, typically to accredited investors, but this is not explicitly stated in the excerpt.
What is the purpose of these unregistered sales?
The provided excerpt does not specify the purpose of the unregistered sales of equity securities.
When was the company formerly known as Ionatron, Inc.?
The company's name change from IONATRON, INC. occurred on April 29, 2004.
What is Applied Energetics, Inc.'s Standard Industrial Classification (SIC) code?
Applied Energetics, Inc.'s SIC code is 3812, related to Search, Detection, Navigation, Guidance, Aeronautical Systems.
Filing Stats: 507 words · 2 min read · ~2 pages · Grade level 12.1 · Accepted 2025-02-06 17:18:45
Key Financial Figures
- $0.001 — shares of its common stock, par value, $0.001 per share, some of which were underlyin
- $0.75 — to individual purchasers at a price of $0.75 per share (or $0.749 per underlying sha
- $0.749 — asers at a price of $0.75 per share (or $0.749 per underlying share for pre-funded war
- $1,200,000 — for aggregate proceeds in the amount of $1,200,000. The pre-funded warrants are exercisabl
Filing Documents
- ea023026501-8k_applied.htm (8-K) — 23KB
- 0001213900-25-010993.txt ( ) — 192KB
- aerg-20250206.xsd (EX-101.SCH) — 3KB
- aerg-20250206_lab.xml (EX-101.LAB) — 33KB
- aerg-20250206_pre.xml (EX-101.PRE) — 22KB
- ea023026501-8k_applied_htm.xml (XML) — 4KB
02 Unregistered Sales of Equity Securities
Item 3.02 Unregistered Sales of Equity Securities. On February 6, 2025, the company completed the placement of 1,600,000 shares of its common stock, par value, $0.001 per share, some of which were underlying pre-funded common stock purchase warrants, in a private sale to individual purchasers at a price of $0.75 per share (or $0.749 per underlying share for pre-funded warrants), for aggregate proceeds in the amount of $1,200,000. The pre-funded warrants are exercisable immediately at a price of $0.001 per share but may not be executed in any amount which would cause the holder thereof to beneficially own 5% or more of the company's common stock. The company has agreed to use its best efforts to include the shares for registration with the Securities and Exchange Commission in the registration statement it files. All of the purchasers are accredited, sophisticated investors, and the issuance of the shares was not in connection with any public offering in accordance with Section 4(a)(2) of the Securities Act of 1933.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. APPLIED ENERGETICS, INC. By: /s/ Christopher Donaghey Christopher Donaghey President and Chief Executive Officer Date : February 6, 2025