Aqua Metals drops after share offering plan

Aqua Metals

18/07/2023 22:46

** Shares of metal recycling co Aqua Metals Inc  AQMS.O 
fall 25.44% to $1.26 after the bell
    ** Co announces an underwritten public offering of shares of
its common stock
    ** AQMS has 83.14 million shares outstanding - Refinitiv
data
     ** Co intends to use net proceeds from the offering for
working capital
    ** The Benchmark Company, LLC is acting as sole book-running
manager for the offering
    ** As of March 31, 2023, co had $3.4 million in cash and
cash equivalents
    ** Stock up ~35% YTD

 (Reporting by Sriparna Roy in Bengaluru)
 ((Sriparna.Roy@thomsonreuters.com;))