AquaBounty corrects Series A Preferred conversion price to $0.9129 (from $18.2580)

AQUABOUNTY TECHNOLOGIES INC

Corrected initial conversion price from erroneously stated $18.2580 to $0.9129 per share.
Series A Preferred pays 18% annual dividend, liquidation preference of $18.2580 per share, senior to common.
Preferred votes with common on as-converted basis; protective provisions require 2/3 holder consent.
Holders may require redemption after $20M+ financing; unpaid redemption bears 18% interest.
Error was scrivener's; no other terms of the Series A Preferred were changed.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

AQUABOUNTY TECHNOLOGIES INC: Corrected a scrivener's error in the Certificate of Designations for Series A Convertible Preferred Stock, changing the initial conversion price from $18.2580 to $0.9129 per share.

Change: charter amendment

Exact text from the filing

The Certificate of Correction corrects a scrivener’s error in Section 8.1(a) of the Certificate of Designations relating to the initial conversion price of the Series A Convertible Preferred Stock.

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Source: SEC EDGAR

accession 0001603978-26-000049

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