AquaBounty issues 8,077,043 unregistered common shares in preferred stock conversion
AQB•AquaBounty entered agreements to convert all outstanding Series A and Series B preferred shares into 8,077,043 common shares. The conversion will occur on the SEC effectiveness date for a resale registration statement or Oct. 30, 2026, whichever comes first, with no additional consideration paid by holders.
1. Conversion terms
AquaBounty entered agreements to exchange all outstanding Series A and Series B convertible preferred shares for common stock. The conversion will issue 5,771,929 shares from Series A and 2,305,114 from Series B, without additional consideration from holders. The issuance is unregistered under Securities Act Section 3(a)(9).
