AquaBounty sells Canadian subsidiary for C$1.585M net; IP transfer and debt assumption

AQUABOUNTY TECHNOLOGIES INC

Sale of Aqua Bounty Canada Inc. to Kelly Cove Salmon Ltd. for C$3,022,559, adjusted to C$1,585,205 net of liabilities.
Purchaser assumes C$4,643,109 in outstanding loans of the subsidiary.
All corporate registered IP transferred to purchaser; AQB retains royalty-free trademark license.
Transaction closed on March 3, 2025; Berenson & Company acted as broker.

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