Corporate ActionJun 9, 2026, 04:07 PM
LiqTech Prices $20M Public Offering; Repays $4.1M Debt
AI Summary
LiqTech International, Inc. announced the pricing and closing of an underwritten public offering of 20,000,000 shares of common stock at $1.00 per share, generating $20 million in gross proceeds and approximately $18.0 million in net proceeds. The company intends to use $4.1 million of the net proceeds to repay senior promissory notes and 9.09% original issue discount promissory notes, with the remainder for working capital and general corporate purposes. Concurrently, LiqTech issued 3,000,000 shares in a private placement to Note Holders in exchange for the cancellation of $3.0 million in senior promissory notes.
Key Highlights
- Priced underwritten public offering of 20,000,000 common shares at $1.00 per share.
- Generated $20 million in gross proceeds and approximately $18.0 million in net proceeds.
- Granted underwriter a 45-day option to purchase up to 3,000,000 additional shares.
- Will use $4.1 million of net proceeds to repay senior and original issue discount promissory notes.
- Issued 3,000,000 shares to Note Holders in a private placement, cancelling $3.0 million in debt.
- Issued Underwriter Warrants to purchase up to 4% of shares sold, exercisable at $1.25 per share.
- Company, directors, and officers agreed to a 90-day lock-up period.
Price Impact
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