The company priced its initial public offering at $6 a share and sold 4 million shares. Energous also included a 45-day option for underwriters to buy up to an additional 600,000 shares. If this happens, then gross proceeds from the IPO would total $27.6 million.
Energous is developing WattUp, a wire-free charging technology that would allow users to freely walk around with and use their mobile devices rather than have to leave them on a pad or other station to charge. The devices would charge through Wi-Fi, which could potentially revolutionize the business.