AQUABOUNTY TECHNOLOGIES INC (AQB) Form 8-K — Jun 30, 2026
On June 25, 2026, AquaBounty Technologies issued 109,223 shares of Series B Convertible Preferred Stock for $2.25 million in a private placement, with shares convertible into up to 2,184,460 shares of common stock at a $1.03 conversion price. The Series B Preferred carries an 18.0% annual dividend rate on a $20.60 liquidation value, with protective provisions requiring two-thirds holder consent for certain corporate actions and a redemption right triggered after any future financing exceeding $20 million.
Key figures
- Gross Proceeds
- 2250000
- Offering Price
- 20.6
- Shares Offered
- 109223
- Shares Outstanding
- 5147204
- Dividend Rate
- 18.0%
- Conversion Price
- 1.03
- Max Offering Size
- 2300000
- Conversion Shares
- 2184460
- Liquidation Value
- 20.6
- Placement Agent Fee
- 7.0%
- Series AShares Issued
- 236367
- Primary Market Limitation
- 19.99%
- Series AConversion Shares
- 4727371
- Prior Senior Notes Exchanged
- 4000000
- Redemption Trigger Threshold
- 20000000
- Prior Accrued Interest Exchanged
- 316000
Price after filing
Close on the filing date to close N calendar days later (from $1.07). Historical, not a forecast.
AI analysis
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