PROSPECTUS SUMMARY
This summary highlights information contained in other parts of this prospectus or incorporated by reference in this prospectus from our
Annual Report on Form 10-K for the year ended December 31, 2020 and our Quarterly Reports on Form 10-Q for the quarters ended March 31, 2021, June 30,
2021 and September 30, 2021 and our other filings with the Securities and Exchange Commission listed below under the heading Incorporation of Information by Reference. This summary may not contain all the information that you should
consider before investing in securities. You should read the entire prospectus and the information incorporated by reference in this prospectus carefully, including Risk Factors and the financial data and related notes and other
information incorporated by reference, before making an investment decision. See Forward-Looking Statements.
Our Company
We have developed our WattUp® wireless power technology, consisting of proprietary
semiconductor chipsets, software controls, hardware designs and antennas, that enables radio frequency (RF) based charging for electronic devices. The WattUp technology has a broad spectrum of capabilities, including near field wireless
charging and at-a-distance wireless charging at various distances. We believe our proprietary WattUp technologies are well suited for many applications, including building and home automation, electronic shelf labels, industrial IoT sensors, surface
and implanted medical devices, tracking devices, hearables, wearables, consumer electronics and public safety applications. Potential future applications include smartphones, commercial and industrial robotics, as well as automotive solutions and
other devices with charging requirements that would otherwise require battery replacement or a wired power connection.
We believe our
technology is innovative in its approach, in that we are developing solutions that charge electronic devices with an RF energy zone. We are developing solutions that deliver wire-free energy for near field charging applications and are also
developing at-a-distance charging for distances up to 15 feet and beyond, some of which involve mobility charging.
To-date, we have
developed multiple transmitters and receivers, including prototypes as well as partner production designs. The transmitters vary based on form factor, power specifications and frequencies, while the receivers are designed for applications including
Bluetooth tracking tags, IoT sensors, hearing aids, electronic shelf labels, fitness bands, health sensors and devices, smartwatches, smartphones, smartglasses, industrial applications, keyboards, mice, headsets, earbuds, headphones, and more.
The Securities We May Offer
With this
prospectus, we may offer common stock, preferred stock, debt securities, warrants to purchase our common stock, preferred stock or debt securities, subscription rights to purchase our common stock, preferred stock or debt securities, and/or units
consisting of some or all of these securities in any combination. The aggregate offering price of securities that we offer with this prospectus will not exceed $100,000,000. Each time we offer securities with this prospectus, we will provide
offerees with a prospectus supplement that will contain the specific terms of the securities being offered. The following is a summary of the securities we may offer with this prospectus.
Common Stock
We may offer shares of our
common stock, par value $0.00001 per share.