Lucosky Brookman Served as Counsel to The Benchmark Company LLC in Aqua Metals, Inc.’s $13 Million Registered Direct Offering and Concurrent Private Placement
Aqua Metals, Inc. (NASDAQ: AQMS), a pioneer in sustainable lithium battery recycling powered by its proprietary AquaRefining™ technology, announced the successful closing of a registered direct offering with a leading institutional investor. The Company sold a total of 1,133,794 shares of common stock and/or prefunded warrants to purchase shares of common stock at a purchase price of $11.34 per share/prefunded warrant, generating approximately $13 million in gross proceeds.
In a concurrent private placement, Aqua Metals issued unregistered warrants to purchase up to 1,133,794 shares of common stock at an exercise price of $11.34 per share. The warrants are immediately exercisable and remain exercisable for a period of five years following issuance
Aqua Metals intends to use the net proceeds from the offering for working capital and general corporate purposes.
The Benchmark Company LLC, a StoneX Company, served as sole placement agent and financial advisor for the transaction. Lucosky Brookman LLP served as counsel to The Benchmark Company LLC.
Related Professionals: Scott Linsky, So Young Lee, Kyle Taylor, and Lindsay Cho.