SCHEDULE: Armistice Capital, Steven Boyd Report 9.99% Stake in Energous

Armistice Capital, LLC and Steven Boyd have reported a 9.99% beneficial ownership stake in Energous Corporation, totaling 185,261 shares of common stock.

Summary

• Armistice Capital, LLC and Steven Boyd, collectively referred to as the "Reporting Persons," have filed a Schedule 13G.
• The filing indicates beneficial ownership of 185,261 shares of Energous Corporation's Common Stock.
• This ownership represents 9.99% of the class of securities.
• Armistice Capital, LLC is an investment adviser (IA) and other organization (OO), while Steven Boyd is classified as a parent holding company (HC) and individual (IN).
• Both reporting persons hold shared voting power and shared dispositive power over all 185,261 shares.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing the control of Energous Corporation.
• Armistice Capital Master Fund Ltd., a Cayman Islands exempted company and an investment advisory client of Armistice Capital, is the direct holder of the shares and has the right to receive dividends and proceeds from their sale.

Sentiment

Score: 6

Explanation: The filing is a standard beneficial ownership report (Schedule 13G), indicating a significant stake by an institutional investor. While not inherently positive or negative, a nearly 10% stake by a known investment firm can be viewed as a vote of confidence, suggesting potential for future engagement or belief in the company's value, hence a slightly positive sentiment.

Future Outlook

NA

Industry Context

This filing indicates a significant institutional investment in Energous Corporation, a company operating in the wireless power technology sector. Such a substantial stake by an investment firm like Armistice Capital can signal confidence in the company's long-term prospects or strategic direction, potentially influencing market perception within the industry.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake may influence investor sentiment and potentially the stock price, signaling institutional interest in Energous Corporation.
• Management: The presence of a large institutional holder could lead to increased scrutiny or engagement regarding corporate strategy and performance, although the filing states the stake is not for control purposes.

Key Dates

Keywords

Energous Corporation, Armistice Capital, Steven Boyd, Beneficial Ownership, Schedule 13G, Common Stock, Investment Adviser, Institutional Investor