AquaBounty Technologies entered into a promissory note with Commas International LLC, an affiliate of Univest Securities, establishing a credit facility for up to $1 million in advances. The company has already drawn the initial $500,000 advance, which bears interest at 9% per annum and compounds annually if unpaid. Principal is due on October 29, 2028, or upon maturity of individual advances. The unsecured debt carries no financial covenants, acceleration clauses, or equity conversion features. AquaBounty intends to use the proceeds for working capital and short-term liquidity needs.
