Highest-materiality recent filing
AquaBounty corrects Series A Preferred conversion price to $0.9129 (from $18.2580)
Corrected initial conversion price from erroneously stated $18.2580 to $0.9129 per share.
AquaBounty regains Nasdaq equity compliance after offering
Company now meets Nasdaq Listing Rule 5550(b)(1) with stockholders' equity exceeding $2.5 million.
AquaBounty exchanges $4M senior notes for preferred stock, raises $500K cash
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).
AquaBounty Q3 net loss narrows to $1.4M; Ohio farm fully permitted
Net loss of $1.4M improved from $3.4M in Q3 2024; includes $69K non-cash impairment on Ohio equipment.
AquaBounty issues $4M 18% Senior Notes, board reshuffled with two new directors
Issued $4M in Senior Notes at 18% interest, 18-month maturity, unsecured, nonconvertible.
AquaBounty regains Nasdaq minimum bid price compliance; delisting risk cleared
Received Nasdaq letter on Sept 15, 2025 confirming compliance with minimum bid price of $1.00.
AquaBounty Q1 net income $401k from asset sales; exploring strategic alternatives
Net income of $401k vs net loss of $11.3M in Q1 2024; includes $2.0M non-cash loan forgiveness gain.
AquaBounty FY2024: net loss $149.2M, revenue down 68%, cash $230K
Product revenue $789K for FY2024, down 68% YoY from $2.5M.
AquaBounty sells Canadian subsidiary for C$1.585M net; IP transfer and debt assumption
Sale of Aqua Bounty Canada Inc. to Kelly Cove Salmon Ltd. for C$3,022,559, adjusted to C$1,585,205 net of liabilities.
AquaBounty receives Nasdaq deficiency notice for bid price below $1.00
Closing bid price below $1.00 for 32 consecutive business days as of January 15, 2025.
AquaBounty to cease fish farming operations; wind down Bay Fortune facility
CEO David Melbourne resigned Dec 6, 2024; David Frank appointed Interim CEO/CFO.
AquaBounty Q3 net loss $3.4M; cash down to $500K; selling Rollo Bay farm
Net loss narrowed to $3.4M in Q3 2024 from $6.1M in Q3 2023, primarily due to Indiana farm sale.
AquaBounty to sell Rollo Bay farm on Prince Edward Island to raise cash
Company decides to sell its Rollo Bay farm (broodstock/egg operation) to address immediate cash requirements.
AquaBounty Q2 net loss $50.5M (incl $44.5M impairment); cash drops to $0.7M; sells Indiana farm
Net loss of $50.5M in Q2 2024 vs $6.5M in Q2 2023; includes $44.5M non-cash impairment on farm assets.
AquaBounty sells Indiana aquaculture facility to Superior Fresh for $9.5M
Agreement to sell Indiana land-based salmon facility and Ohio equipment for $9.5M cash, subject to customary adjustments.
AquaBounty promotes David Melbourne to CEO; Sylvia Wulf remains Board Chair
David Melbourne, formerly President, becomes CEO effective June 7, 2024; Sylvia Wulf retired as CEO but stays as non-executive Board Chair.
AquaBounty Q1 net loss $11.2M, impairment charges, cash drops to $3.6M, secures bridge loan
Net loss $11.2M vs $6.5M a year ago; includes $4.3M impairment on Indiana farm assets and $1.0M inventory write-down.
AquaBounty secures $10M secured term loan from JMB Capital at 15% interest, maturing July 31, 2024
Initial $5M advanced April 18; additional $5M subject to conditions; maturity July 31, 2024.
AquaBounty Q4 revenue up 23% to $553K but full-year revenue down 21%; net loss widens to $27.6M
Q4 product revenue $553K (up 23% YoY); full-year $2.47M (down 21% YoY).
AquaBounty to sell Indiana farm, engage Berenson for financing alternatives
Decision to sell its Indiana farm operation to strengthen balance sheet and increase cash position.
AquaBounty Q3 revenue +12% to $733k, net loss $6.1M; Ohio farm cost estimate $485-495M
Product revenue $733k vs $653k in Q3 2022; net loss $6.1M vs $5.4M loss a year ago.
AquaBounty regains Nasdaq minimum bid price compliance; matter closed
Received Nasdaq letter on Oct 30, 2023 confirming regained compliance with bid price rule.
AquaBounty promotes David F. Melbourne Jr. to President; Wulf becomes Board Chair & remains CEO
David F. Melbourne Jr. promoted to President effective August 14, 2023; replaces Sylvia Wulf who remains CEO and becomes Board Chair.
AquaBounty Q2 revenue down 26% to $788k; net loss widens to $6.5M; pauses Ohio farm
Q2 product revenue $788k, down 26% YoY from $1.1M; net loss $6.5M vs $5.5M.
AquaBounty pauses Ohio farm construction as cost estimate jumps above $395M; evaluating alternatives
New GMP estimate significantly above prior $375-395M range; municipal bond financing infeasible without larger equity.
AquaBounty Q1 revenue fell 59% to $398K; net loss widened to $6.5M
Product revenue of $398K, down from $963K in Q1 2022 due to planned repair downtime at Indiana farm.
AquaBounty Q4 revenue $451k (+8% YoY); FY net loss $22.16M, cash $102.6M
Full-year product revenue $3.14M, up 167% versus $1.17M in 2021.
AquaBounty enters $6.8M design contract for 10,000-ton salmon facility in Ohio
Lump sum fee of $6,810,487 for basic design services, plus $250k cost estimating and $200k value engineering allowances.
AquaBounty Q3 revenue up 44% to $653K; Pioneer farm cost >$320M
Q3 product revenue $653K (+44% YoY); net loss $5.4M improved from $6.9M.
AquaBounty receives Nasdaq notice for bid price below $1.00; 180-day cure period
Closing bid price of common stock below $1.00 for 30 consecutive business days triggers non-compliance with Nasdaq Listing Rule 5550(a)(2).
AquaBounty Q2 product revenue up 371% to $1.1M; net loss widens to $5.5M
Product revenue $1.1M vs $227K in Q2 2021 (+371%); net loss $5.5M vs $5.2M.
the Board of Directors of the Company (the “Board”) appointed David F. Melbourne as Chief Executive Officer of the Company, effective June 7, 2024
Sylvia A. Wulf, who provided notice of her retirement from her role as Chief Executive Officer on June 6, 2024, effective June 7, 2024
On August 11, 2023, the Board appointed Mr. Melbourne, 57 as the President of the Company, effective as of August 14, 2023.
Ms. Wulf therefore resigns as President and continues as AquaBounty's Chief Executive Officer and Board Chair.
On March 29, 2023, Richard J. Clothier informed AquaBounty Technologies, Inc. (the “Company”) of his decision not to stand for reelection as a director and to retire from the Company’s Board of Directors (“Board”), effective as of the start of the Company’s 2023 Annual Meeting of Stockholders.
Max materiality 1.00 · Median 0.60 · Most common event other_material