Financing ·
LiqTech International, Inc. entered into an Underwriting Agreement with Konik Capital Partners, LLC to issue and sell…
LIQTLiqtech International Inc
LiqTech International, Inc. entered into an Underwriting Agreement with Konik Capital Partners, LLC to issue and sell 20,000,000 shares of common stock at $1.00 per share, expected to generate approximately $18.0 million in net proceeds. The company will use the funds to repay $3.0 million in senior promissory notes, $1.1 million in 9.09% original issue discount promissory notes, and for working capital and general corporate purposes. Additionally, 3,000,000 shares were issued to Note Holders in exchange for the cancellation of $3.0 million of senior promissory notes. LiqTech International, Inc. provides advanced technology solutions for the semiconductor and specialty chemical industries.