Corporate ActionJun 1, 2026, 05:17 PM
LiqTech to Cancel $6M Debt, Exchange Half for Equity
AI Summary
LiqTech International, Inc. entered into a Debt Cancellation Agreement with its Note Holders to eliminate $6.0 million in Senior Promissory Notes. Upon the closing of the Company's public offering, $3.0 million of the debt will be cancelled in exchange for common stock, valued at the public offering price. The remaining $3.0 million, plus all accrued interest, will be paid in cash. This transaction will result in the Senior Promissory Notes no longer being outstanding.
Key Highlights
- LiqTech entered a Debt Cancellation Agreement for $6.0 million in Senior Promissory Notes.
- Upon public offering closing, $3.0 million of debt will be cancelled for common stock.
- The common stock will be issued at a price equal to the public offering price.
- The remaining $3.0 million principal will be paid in cash to Note Holders.
- All accrued interest on the Senior Promissory Notes will also be paid in cash.
- After the transaction, the Senior Promissory Notes will no longer be outstanding.
- Note Holders will receive resale registration rights for the issued common stock.
- Shares are being offered pursuant to Section 4(a)(2) and Rule 506(b).
Price Impact
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