Business
LiqTech Prices Public Offering of Common Stock and Pre-Funded Warrants
BALLERUP, Denmark, May13, 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, May13, 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 the pricing of an underwritten public offering of 15,635,850 shares of common stock at an offering price of $0.50 per share and pre-funded warrants to purchase 30,425,000 shares of common stock at an offering price of $0.499 per pre-funded warrant, which represents the per share offering price of the Company's common stock less the $0.001 per share exercise price for each pre-funded warrant for total gross proceeds of approximately $23.0 million, before underwriting discounts and commissions and offering expenses payable by LiqTech. The offering is expected to close on or about May 17, 2022, subject to the satisfaction or waiver of customary closing conditions.\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 and, when available, copies of the final 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 registratio...