Aqua Metals raises $5M from Yulho in direct offering; agrees to license AquaRefining tech in South Korea

Aqua Metals, Inc.

Sold 4,545,455 shares at $1.10/share to Yulho for gross proceeds of $5M.
Yulho agrees to 6-month lock-up on the shares from closing.
Parties will negotiate a definitive license agreement within 90 days for AquaRefining technology in South Korea.
Proposed license royalty starts at 1% of net sales, increasing to 8%.
Closing expected on or about August 4, 2023, subject to customary conditions.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Aqua Metals, Inc. entered into Yulho Securities Purchase Agreement with Yulho Co, Ltd. valued at $5 million (effective 2023-07-18).

Action: entry
Agreement: equity purchase
Counterparty: Yulho Co, Ltd.
Value: $5 million
Effective: 2023-07-18

Exact text from the filing

On July 18, 2023, Aqua Metals, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Yulho SPA”) with Yulho Co, Ltd.

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273 material agreements filed in the last 30 days. Browse all material agreements →

Aqua Metals, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-23-020442

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