Energous (WATT) Confirms Nasdaq Listing on Jan 15, 2024

TL;DR

**WATT's Nasdaq listing is confirmed, keeping shares tradable.**

AI Summary

Energous Corp (WATT) announced on January 15, 2024, that its common stock, with a par value of $0.00001, is registered on The Nasdaq Stock Market under the trading symbol WATT. This filing, an 8-K, confirms the company's continued listing and compliance with exchange requirements. For investors, this matters because it reaffirms the liquidity and visibility of their shares, ensuring they can be easily traded on a major exchange.

Why It Matters

This filing confirms Energous Corp's continued listing on The Nasdaq Stock Market, which is crucial for maintaining investor confidence and ensuring the liquidity of its shares.

Risk Assessment

Risk Level: low — This filing is a routine disclosure confirming existing information and does not introduce new risks or significant changes to the company's operations.

Analyst Insight

This filing is a routine administrative update. Smart investors would note the confirmation of Nasdaq listing but recognize it doesn't signal new operational changes or financial performance shifts. No immediate action is required based solely on this information.

Key Numbers

• $0.00001 — Par Value per Share (the stated par value of Energous Corp's common stock)

Key Players & Entities

• Energous Corp (company) — the registrant filing the 8-K
• WATT (company) — the trading symbol for Energous Corp
• The Nasdaq Stock Market (company) — the exchange where Energous Corp's common stock is registered
• $0.00001 (dollar_amount) — the par value of Energous Corp's common stock
• January 15, 2024 (date) — the date of the earliest event reported in the 8-K

Forward-Looking Statements

• Energous Corp will maintain its listing on The Nasdaq Stock Market. (Energous Corp) — high confidence, target: 2025-01-15

FAQ

Key Financial Figures

• $0.00001 — nge on which registered Common Stock, $0.00001 par value WATT The Nasdaq Stock Mar
• $395,000 — k will receive an annual base salary of $395,000 per year. Ms. Burak is also eligible to
• $50,000 — to receive a one-time sign-on bonus of $50,000 and a guaranteed annual bonus of $150,0
• $150,000 — 50,000 and a guaranteed annual bonus of $150,000 with respect to fiscal year 2024, subje
• $200,000, b — e a discretionary annual bonus of up to $200,000, based on Company and individual objective

Filing Documents

• d635893d8k.htm (8-K) — 30KB
• d635893dex101.htm (EX-10.1) — 18KB
• d635893dex991.htm (EX-99.1) — 8KB
• g635893dps005.jpg (GRAPHIC) — 2KB
• 0001193125-24-008638.txt ( ) — 191KB
• watt-20240115.xsd (EX-101.SCH) — 3KB
• watt-20240115_lab.xml (EX-101.LAB) — 18KB
• watt-20240115_pre.xml (EX-101.PRE) — 11KB
• d635893d8k_htm.xml (XML) — 3KB

02

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officer. Departure of Interim Chief Financial Officer Effective as of January 15, 2024 (the "Effective Date"), Susan Kim van-Dongen no longer serves as Interim Chief Financial Officer of Energous Corporation (the "Company"). Appointment of Chief Financial Officer On January 16, 2024, the Company announced that the board of directors (the "Board") of the Company appointed Mallorie Burak as the Company's Chief Financial Officer, effective as of the Effective Date. Prior to joining the Company, Ms. Burak served as President and Chief Financial Officer of Knightscope, Inc., an advanced public safety technology company, from October 2020 to January 2024, Chief Financial Officer of ThinFilm Electronics ASA, a solid-state lithium battery start-up, from July 2019 to June 2020, and Chief Financial Officer of Alta Devices, Inc., a GaAs thin-film solar technology start-up, from February 2016 to July 2019. Ms. Burak also acted as an Advisor and Board Member at Locale from July 2020 to September 2021, a Financial Advisor at SSG Capital Advisors LLC from January 2020 to October 2020, and as a Financial Advisor at SIM-X Tactical Solutions, Inc. from September 2015 to January 2020. Ms. Burak was previously President and Chief Financial Officer of FriendFinder Networks Inc., and served as Chief Financial Officer of Rainmaker Systems, Inc. and FoodLink, and Vice President and Acting Chief Financial Officer of Southwall Technologies. Ms. Burak holds a Bachelor of Science in Business Administration and an MBA from San Jose State University. In connection with Ms. Burak's appointment as Chief Financial Officer, the Company and Ms. Burak executed an offer letter dated as of December 1, 2023 (the "Burak Offer Letter"). Pursuant to the Burak Offer Letter, Ms. Burak will receive an annual base salary of $395,000 per year. Ms. Burak i

Financial Statements and Exhibits

Financial Statements and Exhibits. Exhibit Number Description of Exhibit 10.1 Burak Offer Letter by and between Energous Corporation and Mallorie Burak, dated December 1, 2023. 99.1 Press Release dated January 16, 2024. 104 The cover page on this Current Report on Form 8-K, formatted in Inline XBRL

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 hereunto duly authorized. ENERGOUS CORPORATION Date: January 16, 2024 By: /s/ Cesar Johnston Cesar Johnston President and Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR