Corporate ActionMay 28, 2026, 06:08 AM
LiqTech International to Offer 11.1M Shares & Warrants; Repay $4.1M Debt
AI Summary
LiqTech International, Inc. filed an S-1/A for a public offering of 11,111,111 shares of common stock and pre-funded warrants, based on an assumed public offering price of $1.80 per share. Concurrently, the company will issue shares to Note Holders in exchange for the cancellation of $3.0 million of Senior Promissory Notes. The net proceeds from the offering will be used to repay the remaining $3.0 million of Senior Promissory Notes, $1.1 million of 9.09% OID Notes, and for general corporate purposes.
Key Highlights
- Offering 11,111,111 shares of common stock and pre-funded warrants.
- Assumed public offering price of $1.80 per share.
- Concurrent private placement to cancel $3.0 million of Senior Promissory Notes.
- Net proceeds to repay remaining $3.0 million of Senior Promissory Notes.
- Net proceeds to repay $1.1 million of 9.09% OID Notes.
- Underwriter granted 45-day over-allotment option for 1,666,666 additional shares.
- Underwriter warrants to purchase 4% of aggregate shares/warrants sold.
- Company is a "smaller reporting company" under SEC definitions.
Price Impact
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