AQUABOUNTY TECHNOLOGIES INC

AquaBounty Technologies announced an expansion of its strategic review process for its Pioneer, Ohio farm property to include opportunities in power infrastructure and energy development. This decision is driven by evolving market conditions and the property's unique assets, including 50 megawatts of electrical capacity, competitive electricity pricing, and a 5.25 million gpd groundwater permit. The company will explore options like power generation, data centers, and other industrial applications, engaging with various strategic partners for potential sale, joint development, or leasing arrangements, while continuing discussions with aquaculture industry parties.

AquaBounty Technologies reported a net loss of $1.63 million for Q2 2026 and $2.83 million for the six months ended June 30, 2026, with significant going concern uncertainty due to cumulative losses and limited cash. The company raised $959,550 from common stock and warrants, and $2.77 million from preferred stock issuances, including a debt-to-equity conversion. It continues to sell assets, including its Indiana and Canadian farms, and is exploring strategic alternatives for its Ohio Farm Project.

AquaBounty Technologies' Board of Directors has decided not to proceed with the previously approved reverse stock split. The Board concluded on July 6, 2026, that implementing the split is not in the best interests of the company and its stockholders at this time. The authority granted by stockholders for the reverse stock split, which ranged from 1-for-5 to 1-for-20, will expire on July 31, 2026, without being exercised.

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.

AquaBounty Technologies, Inc. held its Annual Meeting of Stockholders on June 23, 2026. Shareholders approved a proposal granting the Board discretion to effect a reverse stock split at a ratio ranging from 1-for-5 to 1-for-20, to be implemented by July 31, 2026. Additionally, stockholders elected four directors, ratified Deloitte & Touche LLP as the independent registered public accounting firm, and approved the compensation of named executive officers on an advisory basis.

AquaBounty Technologies reported a net loss of $1.2 million for the three months ended March 31, 2026, a significant decline from a net income of $401 thousand in the prior year. The company continues to face substantial doubt about its ability to continue as a going concern, with an accumulated deficit of $389 million and cash balances of $441 thousand. AquaBounty is actively pursuing asset sales and capital raising activities, including a recent $1.15 million equity transaction, following a strategic shift to divest its farming operations. Subsequent to the quarter, the company exchanged $4.3 million in Senior Notes for preferred stock.

AquaBounty Technologies, Inc. filed a Certificate of Correction to its Series A Convertible Preferred Stock's Certificate of Designations. This amendment corrects a scrivener's error in Section 8.1(a) of the original filing. The initial conversion price per share of the Series A Convertible Preferred Stock is now accurately stated as $0.9129, subject to adjustment, rather than the previously reported Liquidation Value of $18.2580 per share. The company confirmed that no other terms, rights, preferences, privileges, or limitations of the Series A Convertible Preferred Stock were affected by this correction.

AquaBounty Technologies, Inc. announced it has achieved compliance with Nasdaq Listing Rule 5550(b)(1), which sets the continued listing standards for primary equity securities. The company now meets the Equity Standard, requiring stockholders' equity of at least $2.5 million. This compliance is a direct result of a recent offering, as described in a previous filing. This development is positive for investors, as it resolves potential concerns regarding the company's listing status on The Nasdaq Stock Market LLC, ensuring its continued presence on the exchange.

AquaBounty Technologies has significantly strengthened its balance sheet by executing a multi-faceted financing strategy. The company exchanged $4,000,000 in principal amount of senior notes plus $315,616.44 in accrued interest for 236,367 shares of Series A Convertible Preferred Stock. Concurrently, AquaBounty raised an additional $500,000 through a private placement of 27,386 shares of Series A Preferred Stock for cash. This strategic move reduces the company's debt burden while injecting new capital, although it introduces potential dilution from the convertible preferred shares.