Aqua metals prices $17.4 million public offering of common stock

Reno, nev., july 19, 2023 (globe newswire) -- aqua metals, inc. (nasdaq: aqms) (“aqua metals” or the “company”), a pioneer in sustainable lithium-ion battery recycling, today announced that it has priced its underwritten public offering of 15,820,000 shares of its common stock at a public offering price of $1.10 per share. all of the securities in the underwritten public offering are to be sold by the company. aqua metals expects the gross proceeds from this offering to be $17,402,000, before deducting the underwriting discount and other estimated offering expenses. aqua metals has granted the underwriter a 30-day option to purchase up to 2,373,000 additional shares of common stock. aqua metals expects to close the offering, subject to customary conditions, on july 21, 2023.
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