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Stock impact report

AquaBounty Technologies Provides Fundraising Update [MarketWatch]

AquaBounty Technologies, Inc. (AQB) 
Last aquabounty technologies, inc. earnings: 11/5 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: aquabounty.gcs-web.com/investor-overview
Company Research Source: MarketWatch
Maynard, Massachusetts--(Newsfile Corp. - February 14, 2024) - AquaBounty Technologies, Inc. (NASDAQ: AQB) ("AquaBounty" or the "Company"), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, today announced an update on the Company's fundraising efforts. As previously announced in November 2023, AquaBounty has been exploring a wide range of financing alternatives to strengthen its balance sheet and increase its cash position. Today, the Company is announcing that, as a first step in this process, it has made the decision to sell its Indiana farm operation. The Indiana land-based, recirculating aquaculture facility has been growing AquaBounty's GE Atlantic salmon since 2019 and has succeeded in its objective to demonstrate the Company's ability to grow and sell its salmon in the market. With construction on its Ohio farm site roughly 30 percent completed, the Company plans to prioritize the financing alternatives necessary to resume and Show less Read more
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