secwatch.observer — SEC 8-K summary
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Issuer:     AQUABOUNTY TECHNOLOGIES INC (AQB)
CIK:        0001603978
Form:       8-K
Filed at:   2026-04-08T23:59:59+00:00
Accession:  0001603978-26-000036
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 3.02, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AquaBounty exchanges $4M senior notes for preferred stock, raises $500K cash
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- Exchanged $4,000,000 principal + $315,616 accrued interest on senior notes for 236,367 Series A Preferred shares (convertible into 4,727,371 common shares).
- Issued and sold 27,386 Series A Preferred shares for $500,000 cash (convertible into 547,705 common shares).
- Series A Preferred carries 18% annual dividend, liquidation preference of $18.258 per share, and is senior to common stock.
- Holders can convert at any time; after a $20M financing, a supermajority can force redemption at liquidation value plus accrued dividends.
- Certificate of Designations filed April 7, 2026, establishing rights; shares issued in private placement under Section 4(a)(2) and Regulation D.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1603978/000160397826000036/0001603978-26-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1603978/000160397826000036/aqb-20260407x8k.htm
  HTML page:      https://secwatch.observer/filing/0001603978-26-000036

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