AquaBounty raises $2.25M via Series B Convertible Preferred with 18% dividend

AQUABOUNTY TECHNOLOGIES INC

Issued 109,223 shares of Series B Convertible Preferred at $20.60 per share for $2.25M gross proceeds.
Preferred carries 18% annual dividend, convertible into common at $1.03 per share.
Proceeds to be used for working capital and general corporate purposes.
Placement agent Univest Securities receives 7% fee.
Series B ranks senior to common and all junior equity; liquidation preference of $20.60 per share plus accrued dividends.

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