LIQTECH INTERNATIONAL INC

LiqTech International reported a net loss of $3.05 million for Q2 2026, an increase from $2.16 million in Q2 2025, with revenue declining to $4.36 million from $4.96 million year-over-year. Despite the operational downturn, the company significantly strengthened its financial position through a capital raise, increasing cash and restricted cash to $15.66 million and total stockholders' equity to $25.91 million by June 30, 2026. This included $18.11 million from common stock issuance and the repayment of $3.00 million in notes payable.

LiqTech International, Inc. announced a follow-on order exceeding $2 million from a US-based steel manufacturer for four additional QureFlow™ filtration systems. This order expands the customer's use of LiqTech's ceramic silicon carbide crossflow ultrafiltration technology, bringing their total installed systems to five. The expanded installation will feature 4,110 membranes and approximately 1,368 square meters of membrane surface area, designed to increase industrial wastewater treatment capacity.

LiqTech International, Inc. received a deficiency notice from Nasdaq on July 21, 2026, for failing to meet the minimum $1.00 bid price requirement for continued listing. The company's common stock will continue to trade on The Nasdaq Capital Market under "LIQT" during an initial 180-day compliance period, which ends on January 19, 2027. LiqTech must achieve a closing bid price of $1.00 or more for ten consecutive business days to regain compliance and is considering its options.

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.

LiqTech International announced the pricing of an underwritten public offering of 20,000,000 shares of its common stock at $1.00 per share, generating approximately $20 million in gross proceeds. The company granted the underwriter an option to purchase up to an additional 3,000,000 shares. The offering is expected to close on June 8, 2026. Net proceeds will be used to repay $4.1 million in senior notes, invest in business development, fund working capital, and support general corporate activities.

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.

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.

LiqTech International has filed an S-1 registration statement for a proposed public offering of $20,000,000 in common stock and pre-funded warrants. Concurrently, the company will conduct a private placement to cancel $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.

LiqTech International, Inc. issued and sold $1.1 million in 9.09% original discount promissory notes to affiliates of Bleichroeder L.P. and Laurence W. Lytton. The notes were purchased for $1,000,000, reflecting a $100,000 original issue discount, and have a two-month term without initial interest. Proceeds will be used for working capital and general corporate purposes. If not repaid by the July 22, 2026 maturity date, interest will accrue at 10% per annum, increasing monthly up to 16%.

LiqTech International reported a net loss of $(2.73) million for Q1 2026, an increase from $(2.36) million in Q1 2025, with revenue decreasing by 10.4% to $4.14 million. The company's management expressed substantial doubt about its ability to continue as a going concern due to recent operating losses and cash usage. Cash and cash equivalents significantly declined by 46.1% to $2.73 million as of March 31, 2026.