Aqua Metals Inc logo

AQMS - Aqua Metals Inc News Story

$2.66 0.0  1.5%

Last Trade - 06/05/21

Sector
Basic Materials
Size
Small Cap
Market Cap £128.2m
Enterprise Value £120.0m
Revenue £64.7k
Position in Universe 4617th / 6847

BUZZ-Aqua Metals Inc: Drops on upsized stock offering

Thu 14th June, 2018 2:23pm
(Updates, adds pricing information)
    ** Aqua Metals  AQMS.O  down ~9 pct premarket after lead
acid battery recycler prices its overnight follow-on
    ** Co offers 8.77 mln shares at $2.85, about 9 pct discount
to stock's Weds close, for gross raise of $25 mln  urn:newsml:reuters.com:*:nGNX6Bj4lk
    ** Says to use net proceeds as working capital for its
initial AquaRefining facility at Tahoe Regional Industrial
Center, McCarran, Nevada
    ** Oppenheimer sole bookrunner for offering, which was
increased from $20 mln targeted
    ** Equity raise was discussed confidentially with a select
group of institutional investors ("wall cross") prior to launch
of public offering
    ** Offering represents ~30 pct of Aqua's 28.69 mln shares
outstanding as of May 31; equates to roughly 9 days of trading
volume
    ** AQMS has gained 47 pct in 2018, but is down 77 pct over
past 12 mths
    

 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 646-223-5017))
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