{"url_path":"/sec/aqb/8-k/2026-06-30/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry into a Material Definitive Agreement.","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-30","source_url":"https://www.sec.gov/Archives/edgar/data/1603978/0001603978-26-000073-index.html","accession_number":"0001603978-26-000073","cik":"0001603978","ticker":"AQB","issuer_name":"AQUABOUNTY TECHNOLOGIES INC","edgar_url":"https://www.sec.gov/Archives/edgar/data/1603978/0001603978-26-000073-index.html","primary_entity_key":"0001603978","primary_entity_name":"AQUABOUNTY TECHNOLOGIES INC"},"word_count":312,"has_tables":true,"body_markdown":"Item 1.01 Entry into a Material Definitive Agreement.\n\nOn June 25, 2026, AquaBounty Technologies, Inc. (the “Company”) entered into securities purchase agreements (the “Purchase Agreements”) with certain purchasers, pursuant to which the Company issued and sold 109,223 shares of the Company’s Series B Convertible Preferred Stock, par value $0.01 per share (the “Series B Preferred Stock”), which are convertible into up to 2,184,460 shares of the Company’s common stock (the “Common Stock”) for aggregate cash consideration of $2,250,000 in a private placement (the “Offering”).\n\nIn connection with the Offering, on June 25, 2026, the Company entered into a placement agency agreement with Univest Securities, LLC (“Univest”) to serve as the placement agent for the Offering (the “Placement Agency Agreement”). Pursuant to the Placement Agency Agreement, the Company agreed to pay Univest a fee equal to 7.0% of the gross proceeds received from the sale of the Series B Preferred Stock in the Offering.\n\nThe Company is expected to receive aggregate gross cash proceeds from the Offering of approximately $2,250,000, before deducting fees to Univest and other estimated offering expenses payable by the Company. The Company intends to use the net proceeds from the Offering for working capital and general corporate purposes.\n\nThe Purchase Agreements and the Placement Agency Agreement closed on June 25, 2026.\n\nThe Series B Preferred Stock was designated pursuant to a Certificate of Designations filed by the Company with the Secretary of State of the State of Delaware on June 25, 2026 (the “Certificate of Designations”).\n\nThe foregoing descriptions of the Purchase Agreement and the Placement Agency Agreement do not purport to be complete and are qualified in their entirety by reference to the form of Preferred Stock Purchase Agreement and the Placement Agency Agreement, copies of which are filed as Exhibits 10.1 and 10.2, respectively, to this Current Report on Form 8-K and are incorporated herein by reference."}