Aqua Metals raises $13M via registered direct offering and private placement warrants

Aqua Metals, Inc.

Gross proceeds $13M from sale of 1,133,794 shares/pre-funded warrants at $11.34 per share.
Concurrent private placement of 5-year warrants for up to 1,133,794 shares at $11.34 exercise price.
Closing expected October 16, 2025; net proceeds for working capital and general corporate purposes.
The Benchmark Company acted as sole placement agent with 7% cash fee plus expense reimbursement.

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