Applied Energetics Inc completes 108 million dollar private placement to fund product development and strategic initiatives

Reuters10-09

<a href="https://laohu8.com/S/AERG">Applied Energetics</a> Inc completes 108 million dollar private placement to fund product development and strategic initiatives

Applied Energetics Inc. has announced the completion of a $10.8 million private placement, selling 5,995,674 shares of its common stock (or pre-funded warrants in lieu thereof) to a group of existing accredited investors at a purchase price of $1.80 per share. The pre-funded warrants are exercisable immediately at $0.001 per share, with restrictions preventing holders from beneficially owning 5% or more of the company's common stock. The company plans to use the proceeds for product development, employee recruitment and retention, strategic partnerships, preparations for a potential uplisting, and general corporate purposes. Titan Partners Group acted as financial advisor for the transaction.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Applied Energetics Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1084922) on October 09, 2025, and is solely responsible for the information contained therein.

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