Aqua Metals Faces Delisting Concerns

Ticker: AQMS · Form: 8-K · Filed: Sep 6, 2024 · CIK: 1621832

Aqua Metals, INC. 8-K Filing Summary
FieldDetail
CompanyAqua Metals, INC. (AQMS)
Form Type8-K
Filed DateSep 6, 2024
Risk Levelhigh
Pages2
Reading Time2 min
Sentimentbearish

Sentiment: bearish

Topics: delisting, compliance, listing-standards

Related Tickers: AQMS

TL;DR

Aqua Metals might get delisted, check their compliance status.

AI Summary

Aqua Metals, Inc. filed an 8-K on September 6, 2024, to report a notice of delisting or failure to satisfy a continued listing rule or standard. The company is based in McCarran, Nevada, and its principal executive offices are located at 5370 Kietzke Lane, Suite 201, Reno, Nevada.

Why It Matters

This filing indicates potential issues with Aqua Metals' compliance with stock exchange listing requirements, which could impact its stock trading and investor confidence.

Risk Assessment

Risk Level: high — A notice of delisting directly threatens the company's ability to remain publicly traded, posing a significant risk to investors.

Key Players & Entities

FAQ

What specific listing rule or standard has Aqua Metals, Inc. failed to satisfy?

The filing does not specify the exact rule or standard that Aqua Metals, Inc. has failed to satisfy, only that it is a notice of delisting or failure to satisfy a continued listing rule or standard.

What is the earliest event date reported in this 8-K filing?

The earliest event date reported is September 4, 2024.

When was this 8-K form filed with the SEC?

This 8-K form was filed on September 6, 2024.

What is the company's state of incorporation?

The company's state of incorporation is Delaware.

Where are Aqua Metals, Inc.'s principal executive offices located?

Aqua Metals, Inc.'s principal executive offices are located at 5370 Kietzke Lane, Suite 201, Reno, Nevada 89511.

Filing Stats: 584 words · 2 min read · ~2 pages · Grade level 11.9 · Accepted 2024-09-06 16:05:20

Filing Documents

01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing On September 4, 2024, Aqua Metals, Inc. (the "Company") received a letter (the "Letter") from the Nasdaq Stock Market, LLC. The Letter notified the Company that it had fallen out of compliance with respect to the continued listing standard set forth in Rule 5605(c)(2) of the Nasdaq Listing Rules, which requires an audit committee of at last three independent directors meeting the requirements of Nasdaq Rule 5605. On August 21, 2024, Edward Smith resigned from the board of directors ("Board") of Aqua Metals, Inc. ("Company"). Mr. Smith was one of three members of the audit committee of the Company's Board and also one of three members of the Board eligible to serve on the audit committee. As a consequence of Mr. Smith's resignation, the Company became out of compliance with Nasdaq Listing Rule 5605(c)(2). In accordance with NASDAQ Listing Rule 5605(c)(4), the Company has an automatic cure period in order to regain compliance with NASDAQ Listing Rule 5605(c)(2) as follows: until the earlier of the Company's next annual stockholders' meeting or August 21, 2025; or if the next annual stockholders' meeting is held before February 17, 2025, then the Company must evidence compliance no later than February 17, 2025. The Company intends to appoint a third independent director to its Board and audit committee, and thereby regain compliance Nasdaq Listing Rule 5605(c)(2) in a timely manner.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AQUA METALS, INC. Dated: September 6, 2024 /s/ Judd Merrill Judd Merrill Chief Financial Officer

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