Applied Energetics, Inc. is asking stockholders at its December 15, 2026 annual meeting to elect Ricardo C. Rodriguez, Michael J. Alber and John E. Schultz Jr. to three-year Class III terms and ratify RBSM LLP as its independent registered public accounting firm for fiscal 2026. The Board recommends “FOR” both proposals. Stockholders of record on October 19, 2026 may vote; 224,374,884 common shares were outstanding on that date, with one vote per share.
Reported 2025 total compensation was $400,000 for President and CEO Christopher Donaghey and $350,000 each for CEO Emeritus Gregory J. Quarles and Chief Science Officer Stephen W. McCahon; no bonuses were paid to the named executive officers. The company also reported a $25,000 contribution to Silicon Valley Defense Group, chaired by Donaghey. Applied Energetics submitted an application to list its common stock on the Nasdaq Capital Market and established audit and compensation committees in anticipation of a possible listing.
Applied Energetics, Inc. set its 2026 annual meeting for December 15, 2026, with three board seats up for election. Stockholders owning common stock at the close of business on October 19, 2026, or their legal proxy holders, are entitled to vote. Because the meeting is delayed by more than 30 calendar days from the anniversary of the 2025 annual meeting, the prior deadline for stockholder proposals no longer applies. Rule 14a-8 proposals must be received by October 28, 2026. Notices from stockholders soliciting proxies for director nominees other than the company’s nominees are due November 2, 2026. The definitive proxy statement will provide the meeting time, location, and matters to be considered.
Applied Energetics, Inc. (AERG) has filed a shelf registration for one or more offerings of securities with total gross proceeds of up to $300,000,000, after the registration statement becomes effective. The securities may include common stock, preferred stock, warrants, subscription rights, debt securities and units; a prospectus supplement will provide the terms for each offering. Proceeds are intended for working capital and general corporate purposes, with possible use for investments or acquisitions, research and development, and intellectual property.
As of June 30, 2026, 13,602 Series A preferred shares were outstanding, and dividend arrearages were approximately $447,638. The board suspended dividend declarations beginning with the dividend payable February 1, 2015, citing the company's lack of surplus. The incorporated auditor's report contains an explanatory paragraph regarding substantial doubt about the company's ability to continue as a going concern.
Applied Energetics, Inc. (AERG) announced successful validation of a next-generation architecture for its ultrashort-pulse laser technology, reporting higher power and significantly improved beam quality. The company says the combination enables more effective laser-energy delivery over greater distances and expects the advances to materially extend the effective range of systems designed to counter Group 1 and Group 2 drones. It also says the architecture supports the technical viability of backpackable laser systems.
Applied Energetics is constructing two prototypes using the architecture: an extended-range counter-drone system designed for Group 1 and Group 2 threats, and a backpackable laser system intended for select national security applications. The company says it remains focused on continuous testing and iterative validation to optimize power output and long-range precision. Its stated intellectual-property portfolio includes 26 patents and 6 pending patents. Applied Energetics plans to attend the Association of the United States Army Annual Meeting & Exposition in Washington, D.C., October 12–14, 2026.
Stephen William McCahon, Applied Energetics, Inc.’s Chief Science Officer, gifted 100,000 Common Stock Purchase Warrants on September 18, 2026. His reported direct warrant holdings afterward were 1,335,000. The warrants have a $0.06 exercise price and expire May 24, 2029. A footnote states they were issued as consideration for the acquisition of Applied Optical Sciences assets in which McCahon holds an interest. A separate entry reports 12,772,861 directly held common shares.
APPLIED ENERGETICS, INC. (AERG) reported insider equity activity by President & CEO Christopher Wayne Donaghey. On 2026-07-13, 100,000 Restricted Stock Units vested into common stock, and 39,850 common shares were delivered or withheld to cover tax withholding. The filing notes these transactions were made under a Rule 10b5-1 trading plan. Donaghey continues to hold multiple option grants over AERG common stock with exercise prices ranging from $0.35 to $2.36 and underlying share amounts up to 1,000,000 shares each, reflecting ongoing equity-based compensation.
Applied Energetics, Inc. reported very limited revenue and widening losses for the six months ended June 30, 2026. Revenue was $62,000, down sharply from $280,088 a year earlier as two U.S. government contracts remain unfunded and work under them is suspended.
The company recorded a net loss of $8,086,485, compared with $6,891,415 in the prior-year period, driven by higher general and administrative expenses of $6,700,295 and increased research and development spending of $1,074,275, partly offset by lower selling and marketing costs. Operating cash outflow was $5,124,054.
At June 30, 2026, cash and cash equivalents were $1,116,916, working capital was $811,352, and total assets were $4,069,180. Management states that recurring losses, negative operating cash flow and reliance on new capital raise substantial doubt about the company’s ability to continue as a going concern. The company is pursuing additional equity financing and continues to invest heavily in its ultrashort pulse laser and directed energy technologies.
APPLIED ENERGETICS, INC. director Bradford Thomas Adamczyk reported an exercise-and-sale of company stock. He exercised 10,000 Non-Qualified Stock Options at an exercise price of $0.07 per share and sold 10,000 shares of Common Stock in an open-market transaction at $1.50 per share.
Following these transactions, he holds 671,482 shares of Common Stock directly and 1,563,599 shares indirectly through Moriah Stone Global L.P., where he is the controlling partner. He also has 1,300,000 Non-Qualified Stock Options remaining directly, and footnotes state additional options covering 3,500,000 shares were not affected, including 500,000 options held via Adamczyk Family 2021 LLC.
APPLIED ENERGETICS, INC. President & CEO Christopher Wayne Donaghey reported an open-market sale of 10,000 shares of common stock at $1.50 per share, leaving him with 113,592 common shares held directly.
He also continues to hold equity awards, including 100,000 Restricted Stock Units linked to common stock and multiple option grants. These include Incentive Stock Options for 1,000,000 shares at $2.36 per share expiring on July 13, 2032, and Non-Statutory Stock Options for 200,000 shares at $0.61 per share expiring on May 12, 2031, plus additional options and RSUs that vest over time and upon specified revenue milestones.
Applied Energetics, Inc. filed a current report describing the launch of a new corporate website and refreshed brand identity that highlight its focus on ultrashort pulse laser and directed energy defense technologies. The site remains at www.appliedenergetics.com and is positioned as a central hub for company and investor information.
The website features updated visual design and messaging to explain the company’s mission, technological differentiation, and emphasis on counter-sensor and counter-autonomy capabilities in modern, increasingly autonomous and electronically contested battlefields. Applied Energetics also underscores that it posts SEC reports, investor presentations, and status updates on the site to keep stakeholders informed.