Aqua Metals Arranges New Funding, Ends Prior Agreement

Aqua Metals (AQMS) has issued an update.

Aqua Metals, Inc. has initiated a Sales Agreement with The Benchmark Company, LLC to potentially sell its common stock as needed, with the possibility of raising up to $30 million. This move follows the termination of a previous agreement with B. Riley FBR, Inc. without any penalties. The new arrangement provides the company with flexibility in issuing stock at market prices, and it has laid out the legal groundwork by filing necessary documents and obtaining a legal opinion on the validity of the shares being offered.

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