24/7 Market News Snapshot 01 November, 2024 – Aqua Metals, Inc. Common Stock (NASDAQ:AQMS)

November 1, 2024

DENVER, Colo., 01 November, 2024 (247marketnews.com) – (NASDAQ:AQMS) are discussed in this article.
Aqua Metals, Inc. (NASDAQ:AQMS) is poised for a significant transformation as it prepares for a reverse stock split, slated to take effect on November 5, 2024. This strategic initiative, backed by stockholder approval at a special meeting held on October 28, 2024, will consolidate every 20 shares of common stock into one, reducing the total outstanding shares from approximately 137.6 million to around 6.9 million. By implementing this measure, Aqua Metals aims to enhance shareholder value while maintaining proportional equity interests.

The company’s innovative AquaRefining™ technology continues to reshape the landscape of sustainable battery recycling, emphasizing low-emission and closed-loop processes to recover valuable metals from spent batteries. This commitment not only supports environmental sustainability but also positions Aqua Metals favorably in the expanding energy storage and electric vehicle sectors.

Market response has been notably positive, with Aqua Metals’ stock experiencing a robust surge, climbing 24.50% to trade at $0.188, following a record trading volume of 5.83 million shares. This enthusiastic investor sentiment points to strong demand for Aqua Metals as it cements its role as a leading entity in the recycling industry.

Importantly, the common stock will continue to be listed on the Nasdaq Capital Market under the ticker symbol “AQMS,” with trading occurring on a split-adjusted basis post-effective date. Fractional shares will not be issued; affected stockholders will be compensated in cash based on the stock’s average closing price before the split.

As Aqua Metals embarks on this pivotal journey, it invites shareholders and potential investors to engage with their brokers or the company’s transfer agent for further inquiries regarding the reverse stock split and its implications for future growth. The strategic measures undertaken signal a forward-looking approach aimed at solidifying its market position and advancing sustainable practices in battery recycling.

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