---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-031102"
form_type: "8-K"
ticker: "AQMS"
cik: "0001621832"
company_name: "Aqua Metals, Inc."
filed_at: "2025-10-16T23:59:59+00:00"
generated_at: "2026-05-17T03:33:41.410807+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-25-031102
- form_type: 8-K
- ticker: AQMS
- cik: 0001621832
- company_name: Aqua Metals, Inc.
- filed_at: 2025-10-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1621832/000143774925031102/0001437749-25-031102-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1621832/000143774925031102/aqms20251015_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-031102
- JSON: https://secwatch.observer/filing/0001437749-25-031102.json
- Plain text: https://secwatch.observer/filing/0001437749-25-031102.txt

## Key facts
- Equity Issuances
  Aqua Metals, Inc. issued up to 1,133,794 shares of Common Stock of warrant to institutional investor for at an offering price of $0.125 per warrant.
  - Security: warrant
  - Shares: up to 1,133,794 shares of Common Stock
  - Purchaser: institutional investor
  - Consideration: at an offering price of $0.125 per warrant
  source text: and (b) in a concurrent private placement, common stock purchase warrants (the “Private Placement Warrants”), at an offering price of $0.125 per warrant, exercisable for an aggregate of up to 1,133,794 shares of Common Stock, at an exercise price of $11.34 per share for aggregate gross proceeds of approximately $13 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1621832/000143774925031102/0001437749-25-031102-index.htm

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