---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-002594"
form_type: "8-K"
ticker: "AQMS"
cik: "0001621832"
company_name: "Aqua Metals, Inc."
filed_at: "2023-02-06T23:59:59+00:00"
generated_at: "2026-06-20T00:06:55.003620+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Aqua Metals buys 21,000 sq ft building for $4.275M, $3M loan at 9.5%

## Summary
- Subsidiary purchased a 21,000 sq ft building in McCarran, NV for $4.275 million from an unaffiliated party on Feb 1, 2023.
- Entered into a $3 million loan from Summit Investment Services at 9.50% fixed annual interest.
- Loan is interest-only for first 24 months, with principal and interest due March 1, 2025.
- Prepayment requires a minimum interest guarantee of $213,750 (9 months' interest).
- Loan is secured by a first-priority lien on the building and guaranteed by Aqua Metals.

## SEC filing metadata
- accession: 0001437749-23-002594
- form_type: 8-K
- ticker: AQMS
- cik: 0001621832
- company_name: Aqua Metals, Inc.
- filed_at: 2023-02-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1621832/000143774923002594/0001437749-23-002594-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1621832/000143774923002594/aqms20230206_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-002594
- JSON: https://secwatch.observer/filing/0001437749-23-002594.json
- Plain text: https://secwatch.observer/filing/0001437749-23-002594.txt

## Key facts
- Debt Financings
  Aqua Metals, Inc. incurred loan of $3 million with Summit Investment Services, LLC at 9.50% maturing March 1, 2025.
  - Instrument: loan
  - Principal: $3 million
  - Counterparty: Summit Investment Services, LLC
  - Rate: 9.50%
  - Maturity: March 1, 2025
  - Event: incurrence
  source text: On February 1, 2023, Aqua Metals Reno, Inc., our wholly-owned subsidiary, entered into a Loan Agreement with Summit Investment Services, LLC, a Nevada limited liability company (the “Lender”), pursuant to which the Lender provided us with a loan in the amount of $3 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1621832/000143774923002594/0001437749-23-002594-index.htm
- M&A Transactions
  Aqua Metals, Inc. completed an acquisition for $4.275 million (closed 2023-02-01).
  - Action: acquisition
  - Consideration: $4.275 million
  - Closing: 2023-02-01
  source text: On February 1, 2023, Aqua Metals Reno, Inc., our wholly-owned subsidiary, completed the purchase of a 21,000 square foot building, from an unaffiliated party, located on 2999 Waltham Way McCarran, Nevada 89434 for $4.275 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1621832/000143774923002594/0001437749-23-002594-index.htm
- Material Agreements
  Aqua Metals, Inc. entered into Loan Agreement with Summit Investment Services, LLC valued at $3 million (effective 2023-02-01).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Summit Investment Services, LLC
  - Value: $3 million
  - Effective: 2023-02-01
  source text: On February 1, 2023, Aqua Metals Reno, Inc., our wholly-owned subsidiary, entered into a Loan Agreement with Summit Investment Services, LLC, a Nevada limited liability company (the “Lender”), pursuant to which the Lender provided us with a loan in the amount of $3 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1621832/000143774923002594/0001437749-23-002594-index.htm

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