Aqua Metals Announces Proposed Public Offering of Common Stock
May 09 2019 - 4:25PM
Aqua Metals, Inc. (NASDAQ: AQMS) (“Aqua Metals” or the “Company”),
which is reinventing lead recycling with its AquaRefining™
technology, today announced that it intends to offer and sell
shares of its common stock in an underwritten public
offering. Aqua Metals also expects to grant the underwriters
a 30-day option to purchase additional shares of common stock
offered in the public offering. The offering is subject to
market conditions, and there can be no assurance as to whether or
when the offering may be completed, or as to the actual size or
terms of the offering.
Aqua Metals intends to use the net proceeds from the proposed
offering for working capital, which could include capital
expenditures related to addressing operational efficiencies and the
expansion of production activities at its initial AquaRefining
facility at the Tahoe Regional Industrial Center, McCarran, Nevada,
and general corporate purposes.
Oppenheimer & Co. Inc. is acting as the sole book-running
manager for the offering. National Securities
Corporation, a wholly owned subsidiary of National Holdings, Inc.
(NASDAQ: NHLD), will act as co-manager.
A shelf registration statement relating to the shares of common
stock to be issued in the proposed offering was filed with the
Securities and Exchange Commission (SEC) and is effective.
This press release does not constitute an offer to sell, or the
solicitation of an offer to buy, these securities, nor will there
be any sale of these securities in any state or other jurisdiction
in which such offer, solicitation or sale is not permitted.
A preliminary prospectus supplement and accompanying prospectus
describing the terms of the proposed offering will be filed with
the SEC. The securities may be offered only by means of a
prospectus, including a prospectus supplement, forming a part of
the effective registration statement. Copies of the
preliminary prospectus supplement and the accompanying prospectus
relating to the securities being offered may also be obtained from
Oppenheimer & Co. Inc. Attention: Syndicate Prospectus
Department, 85 Broad Street, 26th Floor, New York, NY 10004, or by
telephone at (212) 667-8563, or by email at
EquityProspectus@opco.com. Electronic copies of the
preliminary prospectus supplement and accompanying prospectus will
also be available on the SEC's website at http://www.sec.gov.
Safe Harbor
This press release contains forward-looking statements regarding
the proposed public offering and the intended use of proceeds from
the offering. The offering is subject to market and other
conditions and there can be no assurance as to whether or when the
offering may be completed or as to the actual size or terms of the
offering. Forward-looking statements involve known and
unknown risks, uncertainties and other factors that could cause
actual results to differ materially, including those risks
disclosed in under the caption "Risk Factors" in the preliminary
prospectus supplement related to the offering and Part II. Item 1A
of our Quarterly Report on Form 10-Q filed with the SEC on May 9,
2019. Aqua Metals cautions readers not to place undue reliance on
any forward-looking statements. The Company does not undertake, and
specifically disclaims any obligation, to update or revise such
statements to reflect new circumstances or unanticipated events as
they occur.
Contact: Alison Ziegler, Darrow Associates (201)
220-2678aziegler@darrowir.com
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