AquaBounty Announces Plans to Cease Fish Farming Operations [Yahoo! Finance]
AquaBounty Technologies, Inc. (AQB)
Last aquabounty technologies, inc. earnings: 11/5 04:01 pm
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US:NASDAQ Investor Relations:
aquabounty.gcs-web.com/investor-overview
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Source: Yahoo! Finance
the "Company") today announced that the Company will wind down its hatchery operations in Bay Fortune, including a reduction of its workforce and the exit of several senior management members. "AquaBounty will immediately begin to wind down its Bay Fortune operation, its only remaining operating farm, including the culling of all remaining fish and a reduction of substantially all personnel over the course of the next several weeks," stated David Frank, Chief Financial Officer and Interim Chief Executive Officer. "We prioritized maintaining operations at the Bay Fortune facility, but do not have sufficient liquidity to continue to do so. We have been working for over a year to raise capital, including the sale of our farms and equipment. Unfortunately, these efforts have not generated enough cash to maintain our operating facilities. We therefore have no alternative but to close down our remaining farm operations and reduce our staff. "Dave Melbourne, our Chief Executive Officer,
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Sec Filings
- 12/11/24 - Form 8-K
- 11/5/24 - Form 10-Q
- 11/5/24 - Form 8-K
- AQB's page on the SEC website