Exhibit 5

 

 

K&L Gates llp
Hearst Tower
47th Floor
214 North Tryon Street
Charlotte, NC 28202
T  704.331.7400    F 704.331.7598   klgates.com

 

November 17, 2015

 

Energous Corporation

3590 North First Street, Suite 210

San Jose, California 95134

 

Ladies and Gentlemen:

 

We have acted as special counsel to Energous Corporation, a Delaware corporation (the “Company”), in connection with the issuance and sale by the Company of up to 3,000,005 shares (the “Shares”) of the Company’s common stock, $0.00001 par value per share, pursuant to the Underwriting Agreement dated November 17, 2015 (the “Underwriting Agreement”) by and among the Company, and Ladenburg Thalmann & Co. Inc. and Roth Capital Partners, LLC, as representatives of the several underwriters named therein. In accordance with the Securities Act of 1933, as amended (the “Securities Act”), and the rules and regulations promulgated thereunder, the Company has prepared and filed with the Securities and Exchange Commission (the “SEC”), on April 24, 2015, a Registration Statement on Form S-3 (Registration No. 333-203622) (the “Registration Statement”), including a preliminary prospectus supplement dated November 17, 2015 (the “Preliminary Prospectus Supplement”) and a final prospectus supplement dated November 17, 2015 (the “Final Prospectus Supplement”).

 

You have requested our opinion as to the matters set forth below in connection with the issuance of the Shares. For purposes of rendering that opinion, we have examined the Registration Statement, the Underwriting Agreement, the Company’s Second Amended and Restated Certificate of Incorporation, as amended, its Amended and Restated Bylaws, the Company’s stock ledger and the corporate action of the Company’s Board of Directors which provides for the issuance of the Shares, and we have made such other investigation as we have deemed appropriate. We have examined and relied upon certificates of public officials and such other documents and instruments as we have deemed necessary or advisable for the purpose of rendering our opinion. For the purposes of this opinion letter, we have made assumptions that are customary in opinion letters of this kind, including the assumptions that each document submitted to us is accurate and complete, that each such document that is an original is authentic, that each such document that is a copy conforms to an authentic original, and that all signatures on each such document are genuine. We have further assumed the legal capacity of natural persons. We have not verified any of those assumptions.

 

Our opinion set forth below is limited to the Delaware General Corporation Law (the “DGCL”) and reported judicial decisions interpreting the DGCL.

 

 

 

 

Energous Corporation

November 17, 2015

Page 2

 

Based upon and subject to the foregoing, it is our opinion that the Shares are duly authorized for issuance by the Company and, when issued and paid for as described in the Final Prospectus and the Underwriting Agreement, will be validly issued, fully paid, and non-assessable.

 

We hereby consent to the filing of this opinion letter with the SEC as Exhibit 5 to the Company’s Current Report on Form 8-K dated November 17, 2015 and its incorporation by reference in the Registration Statement. We also consent to the reference to our Firm in the Preliminary Prospectus Supplement and the Final Prospectus Supplement under the caption “Legal Matters.” In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations thereunder.

 

  Very truly yours,
   
  /s/ K&L Gates LLP
   
  K&L Gates LLP