Aquabounty technologies, inc. announces pricing of the public secondary offering of common stock by selling stockholders

Maynard, mass., nov. 18, 2021 (globe newswire) -- aquabounty technologies, inc. (nasdaq: aqb) (“aquabounty” or the “company”), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, today announced the pricing of the previously announced underwritten public secondary offering of 11,200,000 shares of its common stock by certain selling stockholders affiliated with third security (the “selling stockholders”) at a price to the public of $2.10 per share. in addition, the selling stockholders have granted the underwriters of the offering a 30-day option to purchase up to 1,680,000 additional shares of common stock at the public offering price, less underwriting discounts and commissions. aquabounty is not selling any shares in the offering, nor will aquabounty receive any of the proceeds from the sale of the shares being offered by the selling stockholders. the selling stockholders will bear the costs associated with the sale of such shares, including underwriting discounts and commissions. the offering is expected to close on or about november 23, 2021, subject to customary closing conditions.
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