Energous to Implement 1-for-30 Reverse Stock Split on August 11, 2025

Energous Corporation will implement a 1-for-30 reverse stock split to comply with Nasdaq's minimum bid price requirement. The split will be effective August 11, 2025, and trading will begin on a split-adjusted basis. The reverse stock split was approved by shareholders at the company's annual meeting on June 11, 2025.

Energous Corporation (NASDAQ: WATT) has announced a 1-for-30 reverse stock split of its common stock, effective August 11, 2025. The reverse stock split aims to bring the company into compliance with Nasdaq's minimum bid price requirement and was approved by shareholders at the company's annual meeting on June 11, 2025 [2].

The reverse stock split, which will be implemented at 12:01 a.m. Eastern Time on August 11, 2025, will combine 30 shares of the company's issued and outstanding common stock into one share. This means that the number of shares outstanding will be reduced, but the overall value of the company's equity will remain unchanged. The company's common stock will begin trading on a split-adjusted basis when the markets open on August 11, 2025, under the existing trading symbol "WATT" [2].

Proportionate adjustments will be made to reduce the number of shares of common stock issuable upon the vesting, settlement, and exercise of the company's outstanding equity awards and warrants, as well as to reduce the number of shares issued and issuable under the company's equity incentive plans. Fractional shares will not be issued in connection with the reverse stock split, and stockholders who would otherwise be entitled to receive a fractional share will receive a cash payment in lieu thereof [2].

Energous Corporation is a pioneer in scalable, over-the-air (OTA) wireless power networks, delivering continuous access to wireless power for various applications, including retail sensors, electronic shelf labels, and asset trackers [2]. The company's wireless power transmitter and receiver technologies enable unprecedented levels of visibility, control, and intelligent business automation.

The reverse stock split is expected to bring the company into compliance with Nasdaq's minimum bid price requirement, which is currently set at $1.00 per share. The company's stock price has been below this threshold, and the reverse stock split is a common strategy to address this issue and maintain the company's listing on the Nasdaq Capital Market [2].

Energous Corporation's forward-looking statements should be considered with caution, as they are subject to risks and uncertainties, including the impact of the reverse stock split on the company's securityholders and the potential for the company to regain compliance with Nasdaq's minimum bid price requirement [2].

References:
[1] https://www.streetinsider.com/Stock+Splits/Energous+announces+1-for-30+reverse+stock+split+effective+August+11/25154420.html
[2] https://www.marketscreener.com/news/energous-corporation-announces-1-for-30-reverse-stock-split-ce7c5ed9dc81f222