Energous Corporation Announces 1-for-30 Reverse Stock Split
Energous Corporation (Nasdaq: WATT), a pioneer in over-the-air wireless power networks, has announced a 1-for-30 reverse stock split effective August 11, 2025. The split was approved by stockholders on June 11, 2025, and aims to bring the company into compliance with Nasdaq's minimum bid price requirement.
Under the reverse split, every 30 shares will be converted into one share, with proportionate adjustments made to equity awards and warrants. The stock will continue trading under the symbol "WATT" with a new CUSIP number. Stockholders will receive cash payments for any fractional shares, and those holding shares electronically need not take action.
Energous Corporation (Nasdaq: WATT), pioniere nelle reti di alimentazione wireless over-the-air, ha annunciato un raggruppamento azionario inverso 1 per 30 con effetto dall'11 agosto 2025. La decisione 猫 stata approvata dagli azionisti l'11 giugno 2025 e mira a conformare la societ脿 al requisito minimo del prezzo di offerta di Nasdaq.
Con il raggruppamento inverso, ogni 30 azioni saranno convertite in una sola azione, con adeguamenti proporzionali a premi azionari e warrant. Le azioni continueranno a essere negoziate con il simbolo "WATT" ma con un nuovo numero CUSIP. Gli azionisti riceveranno pagamenti in contanti per eventuali frazioni di azioni e chi detiene azioni in forma elettronica non dovr脿 intraprendere alcuna azione.
Energous Corporation (Nasdaq: WATT), pionera en redes de energ铆a inal谩mbrica por aire, ha anunciado una consolidaci贸n accionaria inversa de 1 por 30 efectiva a partir del 11 de agosto de 2025. La operaci贸n fue aprobada por los accionistas el 11 de junio de 2025 y tiene como objetivo cumplir con el requisito m铆nimo de precio por acci贸n de Nasdaq.
Con esta consolidaci贸n inversa, cada 30 acciones se convertir谩n en una acci贸n, con ajustes proporcionales en las recompensas de capital y warrants. Las acciones seguir谩n cotizando bajo el s铆mbolo "WATT" con un nuevo n煤mero CUSIP. Los accionistas recibir谩n pagos en efectivo por las fracciones de acciones y quienes tengan acciones electr贸nicas no necesitan realizar ninguna acci贸n.
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Energous Corporation (Nasdaq : WATT), pionni猫re dans les r茅seaux d'alimentation sans fil par ondes, a annonc茅 une division invers茅e d'actions au ratio de 1 pour 30 effective 脿 partir du 11 ao没t 2025. Cette op茅ration, approuv茅e par les actionnaires le 11 juin 2025, vise 脿 respecter l'exigence minimale de prix de cotation du Nasdaq.
Suite 脿 cette division invers茅e, chaque tranche de 30 actions sera convertie en une seule action, avec des ajustements proportionnels des attributions d'actions et des bons de souscription. Les actions continueront de se n茅gocier sous le symbole "WATT" avec un nouveau num茅ro CUSIP. Les actionnaires recevront un paiement en esp猫ces pour toute fraction d'action, et ceux d茅tenant des actions sous forme 茅lectronique n'ont aucune d茅marche 脿 effectuer.
Energous Corporation (Nasdaq: WATT), ein Pionier im Bereich drahtloser Stromnetze, hat eine 1-zu-30 Reverse-Aktienzusammenlegung angek眉ndigt, die am 11. August 2025 wirksam wird. Die Zusammenlegung wurde von den Aktion盲ren am 11. Juni 2025 genehmigt und dient dazu, die Einhaltung der Mindestkursanforderung der Nasdaq sicherzustellen.
Im Rahmen der Reverse-Split werden jeweils 30 Aktien zu einer Aktie zusammengelegt, wobei anteilige Anpassungen bei Aktienpr盲mien und Warrants vorgenommen werden. Die Aktie wird weiterhin unter dem Symbol "WATT" mit einer neuen CUSIP-Nummer gehandelt. Aktion盲re erhalten Barauszahlungen f眉r Bruchst眉cke, und Inhaber von elektronischen Aktien m眉ssen keine Ma脽nahmen ergreifen.
- Aims to maintain Nasdaq listing compliance
- No change in stockholders' relative equity interest
- Automatic process requiring no action from electronic shareholders
- Indicates company's struggle to maintain minimum share price requirements
- Significant reduction in number of outstanding shares could affect liquidity
- Cash payments for fractional shares may result in forced partial position sales
Insights
Energous's 1-for-30 reverse split aims to maintain Nasdaq listing by boosting share price, but signals fundamental valuation challenges.
Energous Corporation's announced 1-for-30 reverse stock split is a concerning development that primarily serves to address Nasdaq compliance issues rather than reflecting business improvements. The company, which develops over-the-air wireless power networks, is clearly implementing this measure to meet Nasdaq's minimum bid price requirement, suggesting the stock has been trading below $1 for an extended period.
This substantial ratio (1-for-30) is particularly noteworthy and unusually steep compared to typical reverse splits that often range from 1-for-5 to 1-for-10. The severity indicates significant downward pressure on Energous's share price over time. While the split itself doesn't fundamentally change the company's total market capitalization or enterprise value, it typically signals ongoing operational or financial challenges.
For existing shareholders, this means each 30 shares will convert to just 1 share at a proportionally higher price. The mechanics include appropriate adjustments to equity awards, warrants, and cash payments for fractional shares. While the split preserves proportional ownership, reverse splits are generally viewed negatively by the market as they're often associated with companies struggling to maintain listing requirements or attract institutional investors.
The timing (effective August 11) gives shareholders minimal notice, though the broader approval occurred at their June annual meeting. This substantial consolidation of shares suggests Energous needs a significant price correction to comply with Nasdaq's continued listing requirements, reflecting fundamental market concerns about its business model or financial trajectory.
SAN JOSE, Calif., Aug. 06, 2025 (GLOBE NEWSWIRE) -- Energous Corporation d/b/a Energous Wireless Power Solutions (Nasdaq: WATT) (the 鈥淐ompany,鈥� 鈥渨e,鈥� or 鈥渙ur鈥�), a pioneer in scalable, over-the-air (OTA) wireless power networks, today announced that it will implement a 1-for-30 reverse stock split of its issued and outstanding shares of common stock (the 鈥淩everse Stock Split鈥�), effective at 12:01 a.m. Eastern Time on August 11, 2025. The Reverse Stock Split was approved by the Company鈥檚 stockholders at its Annual Meeting of Stockholders held on June 11, 2025, with the final ratio, within the range approved by stockholders, subsequently determined by the Company鈥檚 board of directors. The Reverse Stock Split is intended to bring the Company into compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market.
The Company鈥檚 common stock is expected to begin trading on a split-adjusted basis when the markets open on August 11, 2025 under the Company鈥檚 existing trading symbol 鈥淲ATT鈥� with the new CUSIP number 29272C 301.
At the effective time of the Reverse Stock Split, every 30 shares of the Company鈥檚 issued and outstanding common stock will be automatically combined and converted into one issued and outstanding share of common stock without any change in the par value per share. Proportionate adjustments will be made to reduce the number of shares of common stock issuable upon the vesting, settlement and exercise of the Company鈥檚 outstanding equity awards and warrants, to reduce the number of shares issued and issuable under the Company鈥檚 equity incentive plans, and to increase the exercise and purchase prices of such securities, as applicable.
Fractional shares will not be issued in connection with the Reverse Stock Split. Stockholders who would otherwise be entitled to receive a fractional share will be entitled to receive a cash payment in lieu thereof. The Reverse Stock Split will affect all stockholders uniformly and will not alter any stockholder鈥檚 relative interest in the Company鈥檚 equity securities, except for any adjustments for fractional shares.
Computershare Trust Company, N.A. is acting as the exchange agent and transfer agent for the Reverse Stock Split. Stockholders holding their shares electronically are not required to take any action to receive post-split shares. Stockholders owning shares through a bank, broker or other nominee will have their positions adjusted to reflect the Reverse Stock Split and will receive payment for any fractional shares in accordance with their respective bank鈥檚, broker鈥檚, or nominee鈥檚 particular processes.
About Energous Wireless Power Solutions
Energous Corporation d/b/a Energous Wireless Power Solutions (Nasdaq: WATT) is pioneering scalable, over-the-air (OTA) wireless power networks that enable unprecedented levels of visibility, control, and intelligent business automation. The Company鈥檚 wireless power transmitter and receiver technologies deliver continuous access to wireless power, helping drive a new generation of battery-free devices for asset and inventory tracking and management鈥攆rom retail sensors, electronic shelf labels, and asset trackers, to air quality monitors, motion detectors, and more. For more information, visit or follow on .
Forward-Looking Statements
This press release contains 鈥渇orward-looking statements鈥� within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this press release are forward-looking statements. Forward-looking statements may describe our future plans and expectations and are based on the current beliefs, expectations and assumptions of Energous. These statements generally use terms such as 鈥渂elieve,鈥� 鈥渆xpect,鈥� 鈥渕ay,鈥� 鈥渨ill,鈥� 鈥渟hould,鈥� 鈥渃ould,鈥� 鈥渟eek,鈥� 鈥渋ntend,鈥� 鈥減lan,鈥� 鈥渆stimate,鈥� 鈥渁nticipate鈥� or similar terms. Examples of forward-looking statements in this release include but are not limited to statements about the timing and implementation of the Reverse Stock Split and the commencement of trading of the Company鈥檚 post-split common stock, the impact of the Reverse Stock Split on the Company鈥檚 securityholders, including any adjustments that may result from the treatment of fractional shares, the potential for the Company to regain compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market and the expected number of shares of common stock to be issued and outstanding following the Reverse Stock Split. We urge you to consider those factors, and the other risks and uncertainties described in our most recent Annual Report on Form 10-K as filed with the Securities and Exchange Commission (SEC), any subsequently filed quarterly reports on Form 10-Q as well as in other documents that may have been subsequently filed by Energous, from time to time, with the SEC, in evaluating our forward-looking statements. In addition, any forward-looking statements represent Energous鈥� views only as of the date of this release and should not be relied upon as representing its views as of any subsequent date. Energous does not assume any obligation to update any forward-looking statements unless required by law.
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FAQ
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