secwatch.observer — SEC 8-K summary
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Issuer:     AQUABOUNTY TECHNOLOGIES INC (AQB)
CIK:        0001603978
Form:       8-K
Filed at:   2026-10-08T12:04:12+00:00
Accession:  0001603978-26-000092
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

AquaBounty to convert all preferred stock into 8,077,043 common shares by Oct 30, 2026
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1603978/000160397826000092/0001603978-26-000092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1603978/000160397826000092/aqb-20261007x8k.htm
  HTML page:      https://secwatch.observer/filing/0001603978-26-000092

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