Aqua Metals announces 1-for-20 reverse stock split effective Nov 5, 2024

Aqua Metals, Inc.

Stockholders approved reverse split at special meeting Oct 28: 69.9M for, 6.4M against, 0.3M abstain.
Board set ratio at 1-for-20; effective 12:01 AM ET Nov 5, 2024; trading begins split-adjusted same day.
Shares outstanding to drop from ~137.6M to ~6.9M; no fractional shares, cash in lieu paid.
Proportionate ownership unchanged; adjustments made to equity awards and warrants.
Ticker remains AQMS on Nasdaq; reverse split intended to meet listing requirements.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Aqua Metals, Inc.: Filed amendment to Certificate of Incorporation to effect a 1-for-20 reverse stock split (effective 2024-11-01).

Change: charter amendment
Effective: 2024-11-01

Exact text from the filing

On November 1, 2024, Aqua Metals, Inc. (“Company”) filed with the Delaware Secretary of State an amendment (“Amendment”) to the Company’s First Amended and Restated Certificate of Incorporation to effect a reverse split of the Company’s issued and outstanding shares of its common stock on a one-for-twenty (1:20) basis.

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Aqua Metals, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-24-032972

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