Aqua Metals Announces Proposed Public Offering of Common Stock
July 18 2023 - 4:05PM
Aqua Metals, Inc. (Nasdaq: AQMS) (“Aqua Metals” or the “Company”),
a pioneer in sustainable lithium-ion battery recycling, today
announced that it intends to offer and sell shares of its common
stock in an underwritten public offering. All of the shares of
common stock in the underwritten public offering are to be sold by
the Company. Aqua Metals also expects to grant the underwriters a
45-day option to purchase additional shares of common stock offered
in the public offering. The offering is subject to market
conditions, and there can be no assurance as to whether or when the
offering may be completed, or as to the actual size or terms of the
offering.
Aqua Metals intends to use the net proceeds from
the proposed offering for working capital, including expenditures
related to the commencement of the Phase One build-out of its
recently acquired five-acre recycling campus at the Tahoe Reno
Industrial Center in McCarran, Nevada, and general corporate
purposes.
The Benchmark Company, LLC is acting as sole
book-running manager for the offering. The Liquid Venture Partners
group at The Benchmark Company, LLC is responsible for sourcing and
executing the offering.
A shelf registration statement relating to the
shares of common stock to be issued in the proposed offering was
filed with the Securities and Exchange Commission (“SEC”) and
declared effective by the SEC.
A preliminary prospectus supplement relating to
the proposed offering has been filed with the SEC and is available
on the SEC’s website at http://www.sec.gov. A final prospectus
supplement describing the terms of the proposed offering will be
filed with the SEC. The offering will be made only by means of the
prospectus supplement and the accompanying base prospectus, as may
be further supplemented by any free writing prospectus and/or
pricing supplement that the Company may file with the SEC. Copies
of the preliminary prospectus supplement and accompanying base
prospectus relating to this offering may be obtained from The
Benchmark Company, LLC, 150 East 58th Street, 17th floor, New York,
NY 10155, by email at prospectus@benchmarkcompany.com, or by
calling +1 (212)-312-6700.
This press release shall not constitute an offer
to sell or a solicitation of an offer to buy, nor shall there be
any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About Aqua Metals
Aqua Metals, Inc. (NASDAQ: AQMS) is reinventing
metals recycling with its patented AquaRefining™ technology. 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. Aqua Metals is
based in Reno, NV and operates the first sustainable lithium
battery recycling facility at the company’s Innovation Center in
the Tahoe-Reno Industrial Center.
Safe Harbor
This press release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995 regarding the proposed public offering and the
intended use of proceeds from the offering. The offering is subject
to market and other conditions and there can be no assurance as to
whether or when the offering may be completed or as to the actual
size or terms of the offering. Forward-looking statements
involve known and unknown risks, uncertainties and other factors
that could cause actual results to differ materially, including
those risks disclosed in under the caption “Risk Factors” in the
preliminary prospectus supplement related to the offering. Aqua
Metals cautions readers not to place undue reliance on any
forward-looking statements. 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.
Contact Information:
Investor RelationsBob Meyers
& Rob FinkFNK IR646-878-9204aqms@fnkir.com
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