Aqua Metals Regains Compliance with Nasdaq Listing Requirements
18 January 2023 - 08:06AM
Aqua Metals, Inc. (NASDAQ: AQMS) (“Aqua Metals" or the “Company”),
which is reinventing metals recycling with its AquaRefining™
technology, announced that today it received notice from the Nasdaq
Stock Market, LLC (“Nasdaq”) that it has regained compliance with
Listing Rule 5550(a)(2).
The Company was previously notified by Nasdaq on
August 2, 2022, that it had fallen below compliance with respect to
the continued listing standard set forth in Rule 5550(a)(2) of the
Nasdaq Listing Rules because the closing price of the Company’s
common stock over the previous 30 consecutive trading-day periods
had fallen below $1.00 per share. To regain compliance, the Company
had 180 days from the notice date for the common stock to maintain
a minimum closing bid price of $1.00 or more for at least 10
consecutive trading days. This requirement was met on January 13,
2023.
About Aqua MetalsAqua Metals,
Inc. (NASDAQ: AQMS) is reinventing metals recycling with its
patented AquaRefining™ technology. The company is pioneering a
sustainable recycling solution for materials strategic to energy
storage and electric vehicle manufacturing supply chains.
AquaRefining™ is a low-emissions, closed-loop recycling technology
that replaces polluting furnaces and hazardous chemicals with
electricity-powered electroplating to recover valuable metals and
materials from spent batteries with higher purity, lower emissions,
and minimal waste. Aqua Metals is based in Reno, NV and operates
the first sustainable lithium battery recycling facility at the
company’s Innovation Center in the Tahoe-Reno Industrial
Center.
To learn more, please visit
www.aquametals.com
Aqua Metals Social MediaAqua
Metals has used, and intends to continue using, its investor
relations website (https://ir.aquametals.com), in addition to
its Twitter, LinkedIn and YouTube accounts
at https://twitter.com/AquaMetalsInc (@AquaMetalsInc), https://www.linkedin.com/company/aqua-metals-limited
and https://www.youtube.com/channel/UCvxKNWcB69K0t7e337uQ8nQ
respectively, as means of disclosing material non-public
information and for complying with its disclosure obligations under
Regulation FD.
Safe HarborThis press release
contains forward-looking statements concerning Aqua Metals, Inc.
Forward-looking statements include, but are not limited to, our
plans, objectives, expectations and intentions and other statements
that contain words such as "expects," "contemplates,"
"anticipates," "plans," "intends," "believes", "estimates",
"potential" and variations of such words or similar expressions
that convey the uncertainty of future events or outcomes, or that
do not relate to historical matters. The forward-looking statements
in this press release include our expectations for our pilot
recycling plant, our ability to recycle lithium-ion batteries and
the expected benefits of recycling lithium-ion batteries. Those
forward-looking statements involve known and unknown risks,
uncertainties, and other factors that could cause actual results to
differ materially. Among those factors are: (1) the risk that our
pilot recycling plant may not successfully recycle spent lithium
batteries, (2) the risk that we may not derive the expected
economic benefits from our pilot recycling plant; (3) the risk that
licensees may refuse or be slow to adopt our AquaRefining process
as an alternative to smelting in spite of the perceived benefits of
AquaRefining; (4) the risk that we may not realize the expected
economic benefits from any licenses we may enter into; (5) the risk
that we may not be able to access additional capital, through the
sale of our TRIC facilities and equipment or otherwise, as and when
needed and (6) those other risks disclosed in the section "Risk
Factors" included in our Annual Report on Form 10-K filed on
February 24, 2022. Aqua Metals cautions readers not to place undue
reliance on any forward-looking statements. The Company does not
undertake and specifically disclaims any obligation to update or
revise such statements to reflect new circumstances or
unanticipated events as they occur, except as required by law.
Contact Information:
Investor RelationsContact:
Robert Meyers, FNK IR646-878-9204aqms@fnkir.com
MediaContact: Ariane Wolff,
Warner Communications978-729-3542ariane@warnerpr.com
Source: Aqua Metals
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