Highest-materiality recent filing
Aqua Metals drops Lion Energy acquisition; Q1 tech milestones advance commercialization
Will not proceed with Lion Energy acquisition under current structure; evaluating alternative capital-efficient structures.
Aqua Metals reports 2025 milestones: technology expansion, partnerships, $17.1M raised, cash $10.8M
Raised $17.1M in new funding, strengthened balance sheet; cash $10.8M at Dec 31, 2025; no long-term debt.
Aqua Metals signs term sheet to acquire Lion Energy for up to $94.9M
Lion Energy generated ~$50M revenue in 2025; acquisition adds immediate scale to Aqua Metals.
Aqua Metals files new S-3 to continue ATM equity offering program
Filed new S-3 registration (File 333-290948) effective Nov 5, 2025; prospectus supplement filed Dec 2, 2025.
Aqua Metals raises $17.1M, advances LFP recycling and strategic partnerships in Q3 2025 update
Raised $4.1M in Q3 plus $13M from institutional investor in October, extending runway.
Aqua Metals raises $13M via registered direct offering and private placement warrants
Gross proceeds $13M from sale of 1,133,794 shares/pre-funded warrants at $11.34 per share.
Aqua Metals regains Nasdaq minimum bid compliance after reverse split and hearing
Nasdaq confirmed Sept 4, 2025 that AQMS regained compliance with Listing Rule 5550(a)(2) after 1-for-10 reverse stock split on Aug 4, 2025.
Aqua Metals Q2 2025: best-in-class low-fluorine lithium carbonate, eliminates all long-term debt
Produced <30 ppm fluorine lithium carbonate, likely industry-best; 100 kg shipped for sampling to strategic counterparties.
Aqua Metals shareholders approve reverse stock split and $10M Lincoln Park equity facility
All four director nominees elected (DiVito, Cotton, Henderson, Gangloff) with >1.7M votes for each.
Nasdaq notified Aqua Metals on July 2, 2025 that its stock bid price closed below $1.00 for 30 straight days.
Aqua Metals lowers shareholder quorum threshold to one-third of outstanding shares
Board approved amendment to Bylaws on June 9, 2025, effective immediately.
Aqua Metals board member Molly Zhang resigns for personal reasons
Molly Zhang resigned from the Aqua Metals board on May 22, 2025, citing personal reasons.
Aqua Metals sells Waltham property for $4.3M; close expected by June 12, 2025
Subsidiary Aqua Metals Waltham Holdings LLC agrees to sell Sierra Arc Property (five acres, 21,050 sq ft building) to Trident Enterprises for $4.3M.
Aqua Metals secures up to $10M common stock purchase agreement with Lincoln Park Capital
Lincoln Park committed to purchase up to $10M of common stock over 24 months at company's discretion.
Aqua Metals appoints Eric West as CFO effective May 19, 2025
Eric West appointed CFO, effective May 19, 2025; previously VP of Finance at Aqua Metals (2019-2024).
Aqua Metals Q1 update: product expansion, Sierra ARC sale, CFO transition
Aqua Metals produced initial samples of nickel carbonate, MHP, and achieved LFP recycling breakthrough.
Aqua Metals CFO Judd Merrill to resign effective May 16, 2025; consulting through August
CFO Judd Merrill notified resignation effective May 16, 2025, after filing Q1 10-Q.
Aqua Metals reports 2024 milestones: validated Li AquaRefining, raised $15M, advanced Sierra ARC
Li AquaRefining pilot achieved >99% recovery of lithium, cobalt, nickel with 83% lower CO2 emissions.
Aqua Metals appoints Steve Henderson and Eric Gangloff to Board of Directors
Steve Henderson (former EVP Leggett & Platt, Dow Chemical auto division head) and Eric Gangloff (Summit Alt Investments) appointed effective Feb 3, 2025.
Aqua Metals raises $1.5M via secured notes (20% interest) and 750k warrants at $1.92
Aggregate principal amount of $1,500,000 from eight accredited investors; officers/directors purchased $850,000.
Aqua Metals reports Q3 progress on financing, lithium carbonate production, and Sierra ARC prep
Pilot produced over 99.5% pure battery-grade lithium carbonate in kg quantities.
Aqua Metals announces 1-for-20 reverse stock split effective Nov 5, 2024
Stockholders approved reverse split at special meeting Oct 28: 69.9M for, 6.4M against, 0.3M abstain.
Director Edward Smith resigned Aug 21, 2024, leaving audit committee below minimum three independent members required by Nasdaq Rule 5605(c)(2).
Aqua Metals enters $30M ATM equity facility with Benchmark; terminates prior B. Riley agreement
Company may sell up to $30M of common stock through Benchmark as sales agent in at-the-market offerings.
Aqua Metals director Edward Smith resigns from board for personal reasons
Edward Smith resigned from the Board of Directors effective August 21, 2024.
Aqua Metals terminates executive Dave McMurtry without cause, effective Sept 1, 2024
Company exercised option under Amended Executive Employment Agreement to terminate Dave McMurtry without cause.
Aqua Metals loses $33M credit facility; cuts workforce; Sierra ARC delayed to 2025
Non-binding $33M secured credit facility suspended by lender due to high interest rates and >25% drop in lithium carbonate pricing since term sheet signing.
Aqua Metals shareholders approve all proposals at 2024 annual meeting
Elected directors DiVito, Cotton, Zhang, Smith; each received between 22M and 37M votes for, with 26.3M broker non-votes.
Issued 17.5M common shares at $0.39 and 17.5M warrants at $0.01, gross proceeds $7M.
Aqua Metals reports Q1 net loss $5.8M; advances Sierra ARC with $40M capital infusion
No Q1 revenue; net loss $5.8M ($0.05 per share) vs $4.6M loss in Q1 2023.
Director Sung Yi not standing for reelection to Aqua Metals board in May 2024
Sung Yi, Ph.D., informed Aqua Metals board on April 4, 2024, he will not stand for reelection at the 2024 annual meeting.
Aqua Metals posts FY2023 net loss of $23.9M, advances Sierra ARC campus
Net loss of $23.9M ($0.25/share) vs $15.4M ($0.20) in 2022; adjusted net loss $19.1M ($0.20).
Aqua Metals receives Nasdaq deficiency notice for bid price below $1.00
On November 24, 2023, Aqua Metals received a Nasdaq deficiency letter for bid price below $1.00 over 30 consecutive days.
Aqua Metals Q3 net loss $4.5M; secures $25M investment, advances Sierra ARC
Net loss $4.5M ($0.04/share) vs $3.9M ($0.05) in Q3 2022; operating loss $4.9M, no significant revenue.
Aqua Metals replaces auditor Armanino with FORVIS effective immediately
Engaged FORVIS as independent auditor for year ending Dec 31, 2023; approved by Audit Committee.
Aqua Metals appoints Dr. Sung Yi to Board nominated by Yulho
Dr. Sung Yi appointed to Aqua Metals Board effective September 14, 2023.
Aqua Metals amends employment agreements for four senior executives with new compensation terms
CEO Steve Cotton base salary $491,400; eligible for short-term bonus up to 100% and long-term up to 200% of base.
Aqua Metals Q2 net loss $4.8M; raises $25M post-quarter for commercialization push
Q2 net loss $4.8M ($0.06/share) vs $3.2M ($0.04/share) in Q2 2022; operating loss $4.9M.
Aqua Metals auditor Armanino resigns effective after Q3 2023 filing
Armanino LLP resigned as Aqua Metals' independent auditor, effective after the Q3 2023 10-Q filing.
Sold 4,545,455 shares at $1.10/share to Yulho for gross proceeds of $5M.
Aqua Metals prices $17.4M public offering of 15.82M shares at $1.10/share
Underwritten offering of 15,820,000 shares at $1.10/share; gross proceeds ~$17.4M.
Director David Kanen resigns from Aqua Metals board due to fund compliance policies
David Kanen resigned from the Board of Directors on July 5, 2023.
Aqua Metals shareholders reject preferred stock authorization; Rights Agreement stalled
Elected all five director nominees: DiVito, Cotton, Zhang, Smith, Kanen.
Aqua Metals Q1 2023 net loss $4.6M; no revenue; secures site for commercial recycling
No revenue in Q1 2023; operating loss of $4.5M vs. $4.3M in Q1 2022.
Aqua Metals sells McCarran facility to Comstock for $15.25M; repays $6M loan
Sale closed April 26, 2023; total purchase price $15.25M from Comstock Inc. for 2500 Peru Dr., McCarran, NV.
Aqua Metals receives notice of option exercise from Comstock to purchase Nevada property
Comstock Inc. exercised option to purchase land and building at 2500 Peru Dr., McCarran, Nevada.
Aqua Metals reports FY2022 net loss $15.4M; commissions Li-ion pilot, acquires commercial site
Net loss $15.4M ($0.20/sh) vs $18.2M ($0.26/sh) in 2021; no significant revenue.
Aqua Metals buys 21,000 sq ft building for $4.275M, $3M loan at 9.5%
Subsidiary purchased a 21,000 sq ft building in McCarran, NV for $4.275 million from an unaffiliated party on Feb 1, 2023.
Aqua Metals regains compliance with Nasdaq minimum bid price rule
Received delisting notice on Aug 2, 2022 for bid price below $1.00; deadline was Jan 30, 2023.
Aqua Metals Q3 net loss $3.9M; cash $9.3M; lithium-ion pilot on track for Q4
Net loss $3.9M ($0.05/sh) vs $1.4M ($0.02/sh) in Q3 2021; no revenue yet.
On May 22, 2025, Molly Zhang informed Aqua Metals, Inc. (“Company”) that she resigned from the Board of Directors of the Company for personal reasons.
On May 7, 2025, our board of directors appointed Eric West to serve as Chief Financial Officer of Aqua Metals, Inc.
On April 25, 2025, Judd Merrill notified us that he intends to resign as our Chief Financial Officer effective on May 16, 2025
On February 3, 2025, the Board of Directors (“Board”) of Aqua Metals, Inc. (“Company”), acting upon the recommendation of the Board’s Nominating and Corporate Governance Committee, appointed Steve Henderson and Eric Gangloff to the Board.
On February 3, 2025, the Board of Directors (“Board”) of Aqua Metals, Inc. (“Company”), acting upon the recommendation of the Board’s Nominating and Corporate Governance Committee, appointed Steve Henderson and Eric Gangloff to the Board.
On August 21, 2024, Edward Smith informed Aqua Metals, Inc. (“Company”) that he resigned from the Board of Directors of the Company for personal reasons.
On August 2, 2024, Aqua Metals, Inc. exercised its option under the Amended and Restated Executive Employment Agreement with Dave McMurtry to terminate his employment without cause, effective September 1, 2024.
On April 4, 2024, Sung Yi, Ph.D. advised the Board of Directors (“Board”) of Aqua Metals, Inc. (“Company”) of his decision not to stand for reelection to the Board at the Company’s 2024 annual meeting of stockholders, to be held in May 2024.
On September 14, 2023, the Board of Directors (“Board”) of Aqua Metals, Inc, acting upon the recommendation of the Board’s Nominating and Corporate Governance Committee, appointed Sung Yi, Ph.D., P.E. to the Board.
On July 5, 2023, David Kanen resigned from the Board of Directors of Aqua Metals, Inc.
On July 29, 2022, the Board of Directors (“Board”) of Aqua Metals, Inc, acting upon the recommendation of the Board’s Nominating and Corporate Governance Committee, appointed Dave Kanen to the Board.
On July 22, 2022, we appointed Dave McMurtry to serve as Chief Business Officer of Aqua Metals, Inc.
Max materiality 0.85 · Median 0.60 · Most common event other_material