Business
LiqTech Announces Proposed Public Offering of Common Stock and Pre-Funded Warrants
BALLERUP, Denmark, May 12, 2022 /PRNewswire/ -- LiqTech International, Inc. (NASDAQ: LIQT) ("LiqTech" or the "Company"), a clean technology company that
About this update from Liqtech International, Inc.
[{"type":"text","content":"BALLERUP, Denmark, May 12, 2022 /PRNewswire/ -- LiqTech International, Inc. (NASDAQ: LIQT) (\"LiqTech\" or the \"Company\"), a clean technology company that manufactures and markets highly specialized filtration technologies, today announced that it has commenced a proposed underwritten public offering of newly issued shares of common stock or pre-funded warrants in lieu of shares of common stock. In addition, the Company expects to grant the underwriters of the offering a 30-day option to purchase up to an additional 15% of shares of its common stock sold in the offering. The offering is subject to market and other conditions and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.\n\n \n \n \n \n \n \n\n \nLake Street Capital Markets, LLC is acting as representative of the underwriters and sole book-running manager for the offering and Joseph Gunnar & Co., LLC is acting as the co-manager.\nThe Company intends to use the net proceeds from the offering for working capital and general corporate purposes, as well as repaying all or a portion of its outstanding senior convertible note.\nThe securities will be offered pursuant to a shelf registration statement on Form S-3, as amended, which was declared effective by the Securities and Exchange Commission (the \"SEC\") on May 12, 2022. The offering is being made solely by means of a prospectus. A preliminary prospectus supplement relating to and describing the terms of the offering has been filed with the SEC and is available on the SEC's website at www.sec.gov. Copies of the preliminary prospectus supplement relating to this offering can be obtained at the SEC's website or from Lake Street Capital Markets, LLC, Attn: Syndicate Department, 920 Second Avenue South, Suite 700, Minneapolis, MN 55402, by calling (612) 326-1305, or by emailing [email protected].\nThis press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.\nAbout LiqTech International Inc.\nLiqTech International, Inc., a Nevada corporation, is a clean technology company that provides state-of...