---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-059797"
form_type: "8-K"
ticker: "AQB"
cik: "0001603978"
company_name: "AQUABOUNTY TECHNOLOGIES INC"
filed_at: "2023-03-03T23:59:59+00:00"
generated_at: "2026-06-18T13:09:42.012617+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# AquaBounty enters $6.8M design contract for 10,000-ton salmon facility in Ohio

## Summary
- Lump sum fee of $6,810,487 for basic design services, plus $250k cost estimating and $200k value engineering allowances.
- Additional $200k incentive payment for meeting deliverable deadlines.
- Construction budget for the facility is approximately $279 million.
- Facility designed to produce 10,000 metric tons of salmon annually in Pioneer, Ohio.
- Agreement with Clark, Richardson and Biskup Consulting Engineers, effective March 1, 2023.

## SEC filing metadata
- accession: 0001193125-23-059797
- form_type: 8-K
- ticker: AQB
- cik: 0001603978
- company_name: AQUABOUNTY TECHNOLOGIES INC
- filed_at: 2023-03-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1603978/000119312523059797/0001193125-23-059797-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1603978/000119312523059797/d441743d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-059797
- JSON: https://secwatch.observer/filing/0001193125-23-059797.json
- Plain text: https://secwatch.observer/filing/0001193125-23-059797.txt

## Key facts
- Material Agreements
  AQUABOUNTY TECHNOLOGIES INC entered into Agreement For Architectural/Engineering Services with Clark, Richardson and Biskup Consulting Engineers, Inc. valued at $6,810,487 lump sum for basic scope, plus up to $200,000 incentive, plus construction administration (effective 2023-03-01).
  - Action: entry
  - Counterparty: Clark, Richardson and Biskup Consulting Engineers, Inc.
  - Value: $6,810,487 lump sum for basic scope, plus up to $200,000 incentive, plus construction administration
  - Effective: 2023-03-01
  source text: On March 2, 2023, AquaBounty Farms Ohio LLC (“AQB Ohio”), an Ohio limited liability company and a wholly-owned subsidiary of AquaBounty Technologies, Inc. (the “Company”), entered into an Agreement For Architectural/Engineering Services (the “Agreement) with Clark, Richardson and Biskup Consulting Engineers, Inc. (“CRBE”), effective March 1, 2023, pursuant to which CRBE will design a land-based aquaculture facility to raise and produce 10,000 metric tons of salmon annually in Pioneer, Ohio (the “Project”), as previously disclosed by the Company. Subject to certain conditions in this Agreement, AQB Ohio will pay CRBE fees consisting of (1) a lump sum of $6,810,487 for the basic scope of design services covered by this Agreement, which include allowances of (a) $250,000 for cost estimating support services and (b) $200,000 for design revision and value engineering services, (2) an additional $200,000 incentive payment for providing certain deliverables by agreed upon dates, and (3) const
  evidence_url: https://www.sec.gov/Archives/edgar/data/1603978/000119312523059797/0001193125-23-059797-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.