Government-required identity & anti-fraud checks secure all transactions. Why Do We Need This?

 

Since this is a financial transaction we are required by regulators like the SEC & US Department of Treasury to perform AML (Anti Money Laundering) & KYC (Know Your Customer) verification in order to avoid money laundering, fraud, and identity theft. 

 

Our broker-dealer, DealMaker Securities, LLC uses a Taxpayer Identification Number (TIN), for example Social Security Number (SSN), Employment Identification Number (EIN), Individual Tax Identification Number (ITIN) to fulfill its responsibilities with its Anti-Money Laundering (AML) Program as required by the Bank Secrecy Act (BSA) and its implementing regulations and FINRA Rule 3310 (AML Compliance Program) by requesting, reviewing, and verifying data and documentation provided during securities transactions, prior to acceptance. 

 

Here’s why they are required for startup investments:

 

1.

Preventing Illegal Activities: Money laundering involves the concealment or disguise of money derived from criminal origins by processing it through a single or series of transactions to make it appear as if it comes from a legal, legitimate source or constitute legitimate assets. Having a verification process, whereby investors are reviewed, checked against governmental databases, and all investment funds are evaluated, startups can feel confident they are protecting themselves from civil and criminal penalties and preventing terrorist financing, drug trafficking, tax evasion, corruption, fraud, and other financial crimes.

 

2.

Identity Verification/Data: KYC processes help collect essential pieces of data and verify the identity and authority of the investors, ensuring that they are indeed who they claim to be and are authorized to process the transaction they seek to make. This protects against identity theft and fraud.

 

3.

Regulatory Compliance: Compliance with AML and KYC requirements is mandatory in many jurisdictions. Failure to comply can lead to severe civil penalties, including heavy fines, and even criminal penalties.

Energous Investment Opportunity

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FAQs

What kind of shares are you issuing?

The Company is offering, on a “best efforts” basis, up to 5,000,000 Units, each Unit consisting of one (1) share of Series A Preferred Stock and three (3) Warrants: two (2) to each purchase one (1) share of Common Stock at a price of $1.50 per share and one (1) to purchase one (1) share of Common Stock at a price of $2.00 per share. The minimum subscription is $750.00, or 500 Units.

Where can I find the company’s SEC filings?

All of Energous’ regulatory filings, including financial reports, can be found here: https://www.sec.gov/Archives/edgar/data/1575793/000110465924121069/xsl1-A_X01/primary_doc.xml

How much are you raising?

The Units will be sold at an offering price of $1.50 per Unit, for a maximum offering amount of $7,500,000.

How will I get a return on my investment?

Investing in startups is risky and there is no guarantee you will get a return on your investment. However, the fact that our common stock is listed (Nasdaq: WATT) opens up an opportunity for you to convert your preferred shares into common stock providing an exit in cash (if you choose to sell the common stock) or desire to hold a more liquid asset. If the value of our company grows, then you have a higher potential of making a profit on your investment.

You are fundamentally investing in a pre-revenue company selling an emerging technology. Success will be measured in progress toward growing revenue and moving toward profitability.

When will I receive my shares?

Shares will be issued through the transfer agent, Computershare, after the investment funds clear and a financing round is closed. This typically takes approximately 2-3 weeks after investment.

Are there higher fees if you invest via credit card vs. ACH?

No, costs are the same, regardless of how you invest.

How do you plan to use the proceeds from this funding round?

Proceeds from this Offering will be used to fund sales and marketing, inventory and operations, research and development, and general and administrative expenses.

Why should I Invest?

Your support and commitment will help Energous to push the boundaries of wireless power to create a world where battery-free devices are always connected, and real-time data is always accessible.

What industries are you currently focused on?

We are currently focused on retail supply chain visibility and cold chain monitoring, transportation and logistics, discrete manufacturing, and healthcare markets.

What is Energous’ core business?

Our custom-designed PowerBridge Wireless Power Network (WPN) solutions enable universal over-the-air wireless power grids for all Internet of Things (IoT) devices. Our solutions streamline data handling for connected devices, enabling enhanced visibility and data tracking as well as providing an automated energy flow to optimize device performance.

Where are your headquarters located?

The heart of Silicon Valley in San Jose, California

How many employees do you have?

30

Do you plan to expand internationally?

Our technology, which has received regulatory certifications in the world’s largest markets, is available globally.

Do you plan on licensing your technology?

Yes, that is one of several potential revenue streams.

How many patents do you have?

Over 250 patents