Aqua Metals Announces Closing of $8.05 Million Public Offering of Common Stock, Including Full Exercise of Over-Allotment Option
Summary
RENO, Nev., May 17, 2024 (GLOBE NEWSWIRE) -- Aqua Metals, Inc. (Nasdaq: AQMS) (Aqua Metals or the Company), a pioneer in sustainable lithium-ion battery recycling, today announced the closing of its $8.05 million underwritten public offering of 20,125,000 shares of its common stock and non-redeemable warrants to purchase 20,125,000 shares of its common stock, including 2,625,000 shares of common stock and warrants issued pursuant to the full exercise by the underwriter of its over-allotment option. The Liquid Venture Partners group at The Benchmark Company, LLC was responsible for sourcing and executing the offering.A shelf registration statement relating to the shares of common stock and warrants issued in the offering was filed with the Securities and Exchange Commission (SEC) and declared effective by the SEC. The Company is pioneering a sustainable recycling solution for materials strategic to energy storage and electric vehicle manufacturing supply chains. AquaRefining is a low-emissions, closed-loop recycling technology that replaces polluting furnaces and hazardous chemicals with electricity-powered electroplating to recover valuable metals and materials from spent batteries with higher purity, lower emissions, and minimal waste.Safe HarborThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the intended use of proceeds from the offering and the Companys close on the $33 million secured credit facility. The Company does not undertake and specifically disclaims any obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur, except as required by law.