IPO - Aqua Metals, Inc.

Form Type: CORRESP

Filing Date: 2025-06-10

Corporate Action: Ipo

Type: New

Accession Number: 000143774925019949

Filing Summary: Aqua Metals, Inc. has filed an acceleration request for its Registration Statement on Form S-1 (File No. 333-287775) with the SEC. The company is requesting that the SEC declare the registration statement effective on June 12, 2025, at 4:30 p.m. Eastern Daylight Time, or as soon as practicable thereafter. The request is authorized by Daniel Donahue of Greenberg Traurig, LLP, legal counsel for the Registrant. Aqua Metals acknowledges that the declaration of effectiveness does not relieve it from responsibility regarding the adequacy and accuracy of the disclosure in the registration statement. The letter concludes with contact information for confirming the effectiveness of the registration statement with Stephen Cotton, the President and CEO of Aqua Metals.

Form Type: S-1

Filing Date: 2025-06-04

Corporate Action: Ipo

Type: New

Accession Number: 000143774925019422

Filing Summary: Aqua Metals, Inc. is filing a registration statement with the SEC under the Securities Act of 1933 to offer up to 2,000,000 shares of common stock through Lincoln Park Capital Fund, LLC, as the Selling Stockholder. The company has engaged in a Purchase Agreement dated May 15, 2025, committing Lincoln Park to purchase up to $10 million worth of shares, subject to various conditions. It also includes 227,175 shares as Commitment Shares for Lincoln Park's obligation to purchase shares. The proposed sale will allow Aqua Metals to expand its capital to further its development of AquaRefining technology aimed at sustainable metal recycling. The proceeds will not directly benefit Aqua Metals as it does not sell shares but may generate funding through future sales to Lincoln Park. Significant risks associated with the offering include potential dilution for existing shareholders and market conditions impacting share prices. Aqua Metals aims to demonstrate its ability to provide high-purity metals and reduce reliance on traditional mining, supporting the U.S. manufacturing supply chain.