---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-180380"
form_type: "8-K"
ticker: "AQB"
cik: "0001603978"
company_name: "AQUABOUNTY TECHNOLOGIES INC"
filed_at: "2023-06-30T23:59:59+00:00"
generated_at: "2026-06-13T13:57:46.548458+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# AquaBounty signs construction management contract with Gilbane for Ohio salmon facility

## Summary
- Gilbane Building Co. engaged as construction manager for land-based salmon farm in Pioneer, Ohio (10,000 MT annual capacity).
- Contract on Guaranteed Maximum Price basis; initial GMP proposal due June 30, 2023; final GMP due Sept 1, 2023.
- Construction Manager fee: 3% of Costs of Work plus General Conditions, with up to 1% incentive fee potential.
- Change order mark-up capped at 3% with $10M deadband; construction contingency set at 3% of Costs and GC.
- Insurance costs: 0.7% for CCIP, 0.25% for non-OCIP/CCIP, and 1.4% subguard insurance on enrolled subcontracts.

## SEC filing metadata
- accession: 0001193125-23-180380
- form_type: 8-K
- ticker: AQB
- cik: 0001603978
- company_name: AQUABOUNTY TECHNOLOGIES INC
- filed_at: 2023-06-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1603978/000119312523180380/0001193125-23-180380-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1603978/000119312523180380/d498796d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-180380
- JSON: https://secwatch.observer/filing/0001193125-23-180380.json
- Plain text: https://secwatch.observer/filing/0001193125-23-180380.txt

## Key facts
- Material Agreements
  AQUABOUNTY TECHNOLOGIES INC entered into Agreement For Construction Management Services with Gilbane Building Company (effective 2023-06-29).
  - Action: entry
  - Counterparty: Gilbane Building Company
  - Effective: 2023-06-29
  source text: On June 29, 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 Construction Management Services (the “Agreement) with Gilbane Building Company (“Gilbane”), effective June 29, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1603978/000119312523180380/0001193125-23-180380-index.htm

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