secwatch.observer — SEC 8-K summary
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Issuer:     Aqua Metals, Inc. (AQMS)
CIK:        0001621832
Form:       8-K
Filed at:   2024-12-23T23:59:59+00:00
Accession:  0001437749-24-038285
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Aqua Metals raises $1.5M via secured notes (20% interest) and 750k warrants at $1.92
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- Aggregate principal amount of $1,500,000 from eight accredited investors; officers/directors purchased $850,000.
- Notes accrue interest at 20% per annum; entire principal plus interest due Dec 31, 2025.
- Warrants to purchase 750,000 shares at $1.92 per share, exercisable over five years.
- Notes secured by first lien on strategic metal inventory and second lien on all other assets.
- Private placement closed Dec 19, 2024; issuance exempt under Section 4(a)(2) and Rule 506.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1621832/000143774924038285/0001437749-24-038285-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1621832/000143774924038285/aqms20241223_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-038285

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer