InvestmentJun 30, 2026, 04:17 PM
AquaBounty Raises $2.25M via Private Placement of Preferred Stock
AI Summary
AquaBounty Technologies Inc. raised $2.25 million through a private placement of 109,223 shares of Series B Convertible Preferred Stock. These shares are convertible into up to 2,184,460 shares of common stock. The company engaged Univest Securities, LLC as the placement agent, paying a 7.0% fee, and intends to use the net proceeds for working capital and general corporate purposes. The Series B Preferred Stock carries an 18.0% annual dividend and a liquidation value of $20.60 per share.
Key Highlights
- Raised $2.25 million in a private placement.
- Issued 109,223 shares of Series B Convertible Preferred Stock.
- Series B Preferred Stock convertible into up to 2,184,460 common shares.
- Placement agent, Univest, to receive 7.0% fee from gross proceeds.
- Net proceeds to be used for working capital and general corporate purposes.
- Series B Preferred Stock carries an 18.0% annual dividend rate.
- Liquidation value of Series B Preferred Stock is $20.60 per share.
Price Impact
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