DvineWave Inc. (the "Company") today announced that it has changed its
corporate name to Energous Corporation and confidentially submitted to
the Securities and Exchange Commission ("SEC") a draft registration
statement on Form S-1 for an initial public offering of common stock on
a firm commitment underwritten basis.
The number of shares to be offered and pricing have not yet been
determined. The Company expects the offering to commence in the first
quarter of 2014, subject to customary SEC review. Energous orporation
anticipates that the proceeds will be used for research and development,
reference design development and product certifications, intellectual
property protection, sales and marketing and working capital.
This announcement is being made pursuant to, and in accordance with,
Rule 135 under the Securities Act of 1933. This press release does not
constitute an offer to sell or the solicitation of an offer to buy
securities, and shall not constitute an offer, solicitation or sale in
any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities
laws of that jurisdiction.
For more information, please visit www.energous.com.
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