---
schema_version: "secwatch.filing_event.v1"
accession: "0001603978-25-000073"
form_type: "8-K"
ticker: "AQB"
cik: "0001603978"
company_name: "AQUABOUNTY TECHNOLOGIES INC"
filed_at: "2025-10-28T23:59:59+00:00"
generated_at: "2026-05-17T01:56:16.226860+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# AquaBounty issues $4M 18% Senior Notes, board reshuffled with two new directors

## Summary
- 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.

## SEC filing metadata
- accession: 0001603978-25-000073
- form_type: 8-K
- ticker: AQB
- cik: 0001603978
- company_name: AQUABOUNTY TECHNOLOGIES INC
- filed_at: 2025-10-28T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 5.02, 2.03, 5.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1603978/000160397825000073/0001603978-25-000073-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1603978/000160397825000073/aqb-20251028x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001603978-25-000073
- JSON: https://secwatch.observer/filing/0001603978-25-000073.json
- Plain text: https://secwatch.observer/filing/0001603978-25-000073.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1603978/000160397825000073/0001603978-25-000073-index.htm

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