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Applied Energetics, Inc. (NASDAQ:AERG), a $353 million market cap company, saw Chief Science Officer Stephen William McCahon sell 10,000 shares of common stock on October 20, 2025, for approximately $16,500. The sales were executed at weighted average prices ranging from $1.61 to $1.83, amid a significant 8% decline in share price over the past week. According to InvestingPro analysis, the stock appears slightly overvalued at current levels.
Following the transaction, McCahon directly owns 12,802,861 shares of Applied Energetics.
McCahon also directly holds 1,585,000 Common Stock Purchase Warrants exercisable at $0.06, expiring on May 24, 2029.
In other recent news, Applied Energetics, Inc. has successfully raised $10.8 million through a private placement involving approximately 6 million shares of common stock and pre-funded warrants. This transaction was completed with existing accredited investors, with shares priced at $1.80 each. Additionally, the company has made significant changes to its leadership team by appointing Dr. David E. Spence as Chief Product Officer, who brings over 25 years of experience in laser technology development. Furthermore, Applied Energetics has formed an Audit Committee and a Compensation Committee within its Board of Directors to align with corporate governance standards. Brigadier General (Retired) Samuel "Luke" Peterson has also joined the company’s Advisory Board, offering his extensive military service experience. In a recent demonstration, the company showcased its Pulsed Laser Air Defense (PLAID) system, successfully neutralizing cameras on four drones in just four seconds.
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