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Aqua Metals registers $34.5 million of stock for initial public sale
Bookrunner National Securities raises funds for a recycling facility
By Devika Patel
Knoxville, Tenn., June 9 – Aqua Metals, Inc. will price its initial public offering of common shares with a greenshoe, according to a form S-1 filed Tuesday with the Securities and Exchange Commission. The company has registered up to $34.5 million of stock.
National Securities Corp. is the bookrunning manager.
Proceeds will be used to construct a lead recycling facility near Reno, Nev., for tenant improvements and equipment, patent filings and general working capital.
The lead recycling company is based in Oakland, Calif. The company intends to list its common stock on the Nasdaq stock exchange under the symbol “AQMS.”
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