LIQTECH INTERNATIONAL INC·4

Jun 9, 4:51 PM ET

Bleichroeder LP 4

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LiqTech (LIQT) 10% Holder Bleichroeder LP Acquires 3.7M Shares

What Happened Bleichroeder LP, filed as a 10% owner/registered investment adviser, reported net acquisitions of 3,700,000 shares of LiqTech International, Inc. (LIQT). On June 5, 2026 the Funds managed by Bleichroeder purchased 700,000 shares at $1.00 each in the issuer’s underwritten public offering (cost $700,000). On June 8, 2026 the Funds received 3,000,000 shares at $1.00 each in exchange for cancellation of $3,000,000 in promissory notes (debt-for-equity). Total consideration reported: $3,700,000. These were acquisitions (purchases/issuances), not sales.

Key Details

  • Transaction dates and prices: 2026-06-05 purchase of 700,000 shares @ $1.00 ($700,000); 2026-06-08 acquisition of 3,000,000 shares @ $1.00 ($3,000,000).
  • Total shares acquired: 3,700,000; total consideration: $3,700,000.
  • Shares owned after transaction: not specified in the provided filing excerpt.
  • Footnotes of note:
    • F1: The 700,000-share purchase (6/5) was in the issuer’s underwritten public offering pursuant to the Form S-1 registration (File No. 333-296258).
    • F3: The 3,000,000-share issuance (6/8) was in exchange for cancellation of $3,000,000 principal amount of promissory notes (debt-for-equity).
    • F2: Bleichroeder LP is the registered investment adviser to the funds that directly hold the shares and disclaims beneficial ownership except to the extent of any pecuniary interest.
  • Filing date: Form 4 filed 2026-06-09 listing transactions on 6/5 and 6/8. The provided excerpt does not include a late-filing flag.

Context This filing reflects institutional activity by an investment adviser on behalf of funds (not an individual company insider). The purchase and the debt-for-equity issuance increase the Funds’ stake in LiqTech; purchases by institutional holders can be more informative to investors than routine insider sales, but do not by themselves explain the manager’s intentions. The debt conversion is a corporate financing action (notes cancelled for stock), while the 700k-share buy was through the company’s public offering.