Aqua Metals Inc logo

AQMS - Aqua Metals Inc News Story

$2.32 -0.0  -1.1%

Last Trade - 4:25pm

Basic Materials
Small Cap
Market Cap £113.3m
Enterprise Value £105.1m
Revenue £64.0k
Position in Universe 4700th / 6856

BUZZ-Aqua Metals Inc: Lower on planned stock offering

Thu 14th June, 2018 12:57pm
** Aqua Metals  AQMS.O  down ~8 pct at $2.89 as co gets set
to price its follow-on before market open
    ** Lead acid battery recycler announced stock offering after
the bell Weds; to use net proceeds as working capital for its
initial AquaRefining facility at Tahoe Regional Industrial
Center, McCarran, Nevada*:nGNX8kKhm
    ** Oppenheimer, acting as sole bookrunner, says co targeting
an approx $20 mln raise
    ** Equity raise was discussed confidentially with a select
group of institutional investors ("wall cross") prior to launch
of public offering
    ** Deal would represent >20 pct of Aqua's 28.69 mln shares
outstanding as of May 31; would equate to more than a week's
worth of trading volume (Thomson Reuters calculations)
    ** AQMS shares closed Weds at $3.14. Stock has gained 47 pct
in 2018, but is down 77 pct over past 12 mths

 (( 646-223-5017))
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