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Energous Corporation Grants Inducement Restricted Stock Units to New Employee
SAN JOSE, Calif.--(BUSINESS WIRE)-- Energous Corporation (Nasdaq: WATT), the developer of WattUp®, a revolutionary wireless charging 2.0 technology, today
About this update from Energous Corporation
[{"type":"text","content":" SAN JOSE, Calif.--(BUSINESS WIRE)--\nEnergous Corporation (Nasdaq: WATT), the developer of WattUp®, a revolutionary wireless charging 2.0 technology, today announced it has issued inducement restricted stock units (“RSUs”) to one new non-executive employee.\n\nOn May 13 , 2021, one new non-executive employee was issued RSUs covering a total of 7,000 shares of common stock under the Company’s 2017 Equity Inducement Plan (the “Inducement Plan”). The RSUs vest over four years with 25 percent vesting on the first anniversary of the employee’s hire date and the remainder vesting quarterly thereafter, respectively, in 12 equal installments, contingent upon the continued service through each applicable vesting date. Each RSU is subject to the terms and conditions of the Inducement Plan and the terms and conditions of the respective award agreement covering each granted RSU. The grant of the RSUs was approved by the compensation committee of the Company’s board of directors and was granted as an inducement to the new employee commencing employment with the Company, in accordance with Nasdaq Marketplace Rule 5635(c)(4).\n\nAbout Energous Corporation\n\nEnergous Corporation (Nasdaq: WATT) is the global leader of Wireless Charging 2.0 technology. Its award-winning WattUp® solution is the only technology that supports both contact and distance charging through a fully compatible ecosystem. Built atop fast, efficient, and highly scalable RF-based charging technology, WattUp is positioned to offer improvements over older, first generation coil-based charging technologies in power, efficiency, foreign device detection, freedom of movement and overall cost for consumer electronics, medical devices, retail, military, industrial/commercial IoT, automotive, military, retail and industrial applications. Energous develops silicon-based wireless power transfer (WPT) technologies and customizable reference designs, and provides worldwide regulatory assistance, a reliable supply chain, quality assurance, and sales and technical support to global customers. The company received the world’s first FCC Part 18 certification for at-a-distance wireless charging and has been awarded 238 U.S. patents for its WattUp wireless charging technology to-date.\n\nSafe Harbor Statement\n\nThis press release contains “forward-looking statements” within the meaning of t...