LiqTech International, Inc. Announces Private Placement Transaction of up to $10 Million With Existing Institutional Investors

Core Viewpoint - LiqTech International, Inc. has announced a definitive securities purchase agreement with existing institutional investors, aiming to raise funds through a Private Placement to support its growth strategy in various sectors [1][4]. Group 1: Private Placement Details - The Private Placement will consist of 3,630,129 shares of common stock, 1,369,871 pre-funded warrants, and warrants to purchase up to 5,000,000 shares of common stock [2]. - The purchase price for one share of common stock and one accompanying warrant is set at $2.00, while the price for one pre-funded warrant and one accompanying warrant is$1.999 [2]. - The transaction will close in two tranches, with the first tranche representing 19.99% of shares outstanding prior to the Private Placement, and the total gross proceeds expected to be $10 million [3]. Group 2: Use of Proceeds - Proceeds from the Private Placement will be utilized for ongoing commercial development in the U.S. oil & gas sector, expansion in the European and U.S. swimming pool sector, and a new initiative in marine exhaust gas recirculation water treatment [4]. Group 3: Company Overview - LiqTech International, Inc. specializes in high-tech filtration technology, providing advanced ceramic silicon carbide filtration technologies for gas and liquid purification [6]. - The company develops products using proprietary silicon carbide technology, offering solutions for challenging purification applications, including diesel exhaust soot emissions control [6].