Lead Left Book-Running Manager
LiqTech International, Inc.
Equity Capital Markets
Follow-on Offering
Transaction Details
- On May 22, 2019, LiqTech International, Inc. (“LIQT” or the “Company”) announced the upsizing and pricing of an underwritten public offering of 1,931,035 primary shares of its common stock at a price to the public of $7.25 per share
- The Company also granted the underwriters a 30-day option to purchase up to an additional 284,827 shares of LIQT common stock
- LiqTech expects to use net proceeds to fund the growth of the business, including:
- Adding manufacturing capacity through equipment purchases
- Funding continued research and development efforts
- For general corporate purposes
- For the potential insourcing of currently outsourced manufacturing
- Stephens Inc. served as Lead Left Book-Running Manager on the offering
About the company
LiqTech International, Inc., a Nevada corporation, is a clean technology company that for more than a decade has developed and provided state-of-the-art technologies for gas and liquid purification using ceramic silicon carbide filters, particularly highly specialized filters for the control of soot exhaust particles from diesel engines and for liquid filtration. Using nanotechnology, LiqTech develops products using proprietary silicon carbide technology. LiqTech’s products are based on unique silicon carbide membranes which facilitate new applications and improve existing technologies. LiqTech offers a wide range of filters and membranes for micro- and ultrafiltration, and by incorporating LiqTech’s SiC liquid membrane technology with its long-term systems design experience and capabilities, LiqTech offers solutions to the most difficult water pollution problems.
Sources: Company filings and press release.
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The offering of these securities is being made only by means of a prospectus, copies of which may be obtained from Stephens Inc.’s Equity Syndicate Desk, at Stephens Inc., 111 Center Street, Little Rock, AR 72201, ATTN: Equity Syndicate Desk, or from the Securities and Exchange Commission’s website at www.sec.gov at the following link: https://www.sec.gov/Archives/edgar/data/1307579/000143774919010577/liqt20190520_424b5.htm. A registration statement relating to these securities has been filed with the Securities and Exchange Commission. No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to the notice of its acceptance given after the effective date.