0001603978-26-000036
SEC filingAquaBounty Technologies entered into agreements to exchange $4.0 million of senior notes and raise $0.5 million in cash for shares of newly created Series A Convertible Preferred Stock, which is convertible into common stock and carries an 18.0% annual dividend.
AquaBounty Technologies executed a dual-track financing transaction on April 7, 2026, aimed at deleveraging its balance sheet and raising fresh capital. The company exchanged $4.0 million in outstanding senior notes plus accrued interest for 236,367 shares of newly designated Series A Convertible Preferred Stock. Simultaneously, it raised $500,000 in cash through the sale of an additional 27,386 shares of Series A Preferred Stock in a private placement. The Series A Preferred Stock is convertible into a total of approximately 5.3 million shares of Common Stock, based on a Liquidation Value of $18.2580 per share. This introduces significant potential dilution for existing common shareholders. The Series A Preferred Stock carries a high cumulative dividend rate of 18.0% per annum, payable bi-annually, and ranks senior to the Common Stock in terms of dividends and liquidation preferences. The security also includes protective provisions requiring a two-thirds supermajority vote for certain corporate actions and redemption rights triggered by future financing events exceeding $20 million. Univest Securities, LLC served as the placement agent, earning a 7.0% fee on the cash portion of the offering. The securities were issued in reliance on Section 4(a)(2) and Regulation D exemptions.