AquaBounty Technologies Issues $4 Million in Senior Notes

On October 28, 2025, AquaBounty Technologies, Inc. entered into Note Purchase Agreements with certain investors, issuing $4 million in Senior Notes. The notes are unsecured, nonconvertible, and bear an 18% annual interest rate, with a maturity date of 18 months from closing. The proceeds are expected to be used for general corporate purposes, including working capital and debt repayment. The agreement includes restrictive covenants and events of default, such as non-payment, breach of covenants, and financial restatements. Additionally, the company appointed two new independent directors, Graydon Bensler and Braeden Lichti, as part of the agreement. The company also entered into a placement agency agreement with Univest Securities, LLC, agreeing to pay a 7% fee on the gross proceeds.