AQUABOUNTY TECHNOLOGIES INC 8-K

What Happened

• AquaBounty Technologies, Inc. announced it entered into securities purchase agreements and sold 109,223 shares of Series B Convertible Preferred Stock on June 25, 2026, in a private placement for aggregate gross cash proceeds of approximately $2,250,000.
• The Series B Preferred Stock (par value $0.01) is convertible into up to 2,184,460 shares of common stock. The Company also entered a Placement Agency Agreement with Univest Securities, LLC to act as placement agent.

Key Details

• Number of Series B shares issued: 109,223.
• Maximum common shares upon conversion: up to 2,184,460.
• Gross proceeds: approximately $2,250,000 (before fees and expenses).
• Placement agent fee: 7.0% of gross proceeds payable to Univest Securities, LLC.
• Closing and Certificate of Designations filed: June 25, 2026.
• Stated use of net proceeds: working capital and general corporate purposes.

Why It Matters

• The financing provides AquaBounty with near-term cash to support operations, but the Series B convertible securities create potential dilution if converted into common stock (up to ~2.18 million shares).
• Placement agent fees and offering expenses will reduce net proceeds available to the company.
• Investors should review the Certificate of Designations and the purchase agreement (filed as exhibits) for conversion mechanics and any special rights attached to the Series B Preferred Stock, since those terms affect dilution risk and investor rights.