Financing ·
LiqTech raises $18M via 20M share sale at $1.00; cancels $3M debt with 3M shares
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.