AQUABOUNTY TECHNOLOGIES INC (AQB): debt financing — AquaBounty issues $4M 18% Senior Notes, board reshuffled with two new directors

AQUABOUNTY TECHNOLOGIES INC

Issued $4M in Senior Notes at 18% interest, 18-month maturity, unsecured, nonconvertible.
Proceeds to be used for working capital, operational funding, and debt repayment.
Board resignations: St.Clare and Sharps Myers effective immediately; Wulf and Sterling conditional resignations.
Appointed Graydon Bensler and Braeden Lichti as independent directors to fill vacancies.
Investors may designate majority of board after triggers, resulting in change of control.

item 1.01 item 5.02 item 2.03 item 5.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

AQUABOUNTY TECHNOLOGIES INC incurred senior notes of $4,000,000 with certain investors at 18% per annum maturing 18 months from closing.

Instrument: senior notes
Principal: $4,000,000
Counterparty: certain investors
Rate: 18% per annum
Maturity: 18 months from closing
Event: incurrence

Exact text from the filing

On October 28, 2025, AquaBounty Technologies, Inc. (the “Company”) entered into Note Purchase Agreements, each substantially in the form attached as Exhibit 10.1 attached hereto (the “Agreements” or “Note Purchase Agreements”), with certain investors (the “Investors”), providing for the issuance and sale of Senior Notes at par in an aggregate principal amount of $4,000,000 (the “Senior Notes”) in a private placement transaction.

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Source: SEC EDGAR

accession 0001603978-25-000073

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