other material
confidence high
sentiment neutral
materiality 0.60
AquaBounty to convert all preferred stock into 8,077,043 common shares by Oct 30, 2026
AQUABOUNTY TECHNOLOGIES INC
- Series A preferred converts at $18.2580 liquidation value and $0.9129 conversion price into 5,771,929 shares; Series B at $20.60 and $1.03 into 2,305,114 shares.
- Automatic conversion occurs on the earlier of SEC effectiveness of a resale Form S-3 or October 30, 2026; holders waived dividends accruing after October 15, 2026.
- Company will file a Form S-3 covering resale of the 8,077,043 conversion shares; converted preferred is cancelled and retired with no further holder rights.
- Issued under Section 3(a)(9) exemption to existing holders with no additional consideration; each holder capped at 19.99% beneficial ownership to avoid Nasdaq Rule 5635(b) change of control.