Aqua Metals Restructures USDA Backed Loan Agreement with Veritex Bank
Aqua Metals, Inc. (AQMS)
Last aqua metals, inc. earnings: 4/30 04:01 pm
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US:NASDAQ Investor Relations:
investors.aquametals.com
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Source: GlobeNewswire
MCCARRAN, Nev., March 30, 2020 (GLOBE NEWSWIRE) -- Aqua Metals, Inc. (NASDAQ: AQMS) (“Aqua Metals” or the “Company”), which is reinventing lead recycling with its AquaRefining™ technology, today announced that it has executed an Agreement with Veritex Bank (which acquired Green Bank in January 2019) to restructure the Company’s existing ~$9M loan Agreement. The primary focus for the restructuring was to remove various restrictive covenants on the Company that dictate how fire related insurance collection proceeds are to be spent. In addition, restructuring the Agreement immediately releases $3.5M of insurance proceeds currently in escrow and defines how portions of the anticipated future insurance recovery proceeds will be split between Veritex Bank and the Company. The loan is currently secured by real property, personal property and a certificate of deposit. Pursuant to the Agreement, the Company will fully retire the ~$9M loan upon receiving the first $25M of the potential $50M
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News
- Aqua Metals Announces Breakthrough Operational Achievements in Sustainable Battery Recycling and Secures Bridge Loan to Support Strategic GoalsGlobeNewswire
- Battery Recycling Market to grow by USD 11.35 Billion from 2024-2028, driven by lithium supply-demand gap, Report on AI's role in transforming the market - Technavio [Yahoo! Finance]Yahoo! Finance
- Aqua Metals Announces Progress on Operational Achievements and Ongoing Commercial Development, Reports Third Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Aqua Metals Announces Progress on Operational Achievements and Ongoing Commercial Development, Reports Third Quarter 2024 ResultsGlobeNewswire
- Aqua Metals to Announce Third Quarter 2024 Financial Results and Host Investor Conference Call on November 14, 2024GlobeNewswire
AQMS
Earnings
- 11/14/24 - Miss
AQMS
Sec Filings
- 12/23/24 - Form 4
- 12/23/24 - Form 4
- 12/23/24 - Form 4
- AQMS's page on the SEC website