Applied Energetics completes $10.8 million private placement

Applied Energetics Inc. (OTCQB: AERG) closed a private placement offering that raised approximately $10.8 million, the company announced.

The Tucson-based laser technology company sold 5,995,674 shares of common stock or pre-funded warrants to existing accredited investors at $1.80 per share or $1.799 per pre-funded warrant. The pre-funded warrants can be exercised immediately at $0.001 per share but include ownership limitations preventing holders from owning 5% or more of the company's common stock.

Applied Energetics plans to use the proceeds for product development, employee recruitment and retention, strategic partnership investments, preparation for potential uplisting to a national exchange, and general corporate purposes.

The transaction closed on October 8, 2025, with Titan Partners Group serving as financial advisor.

Applied Energetics develops ultrashort pulse laser and directed energy systems, holding 26 patents and 6 pending patents in fiber-based laser technologies designed for defense and commercial applications.

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