05:59 PM EDT, 05/14/2024 (MT Newswires) -- Aqua Metals ( AQMS ) said Tuesday it is selling shares and warrants to purchase stock in an underwritten public offering.

The offering will include an option for underwriters to buy up to an additional 15% shares and warrants to cover over-allotments, according to the company.

Proceeds from the offering will fund working capital and general corporate purposes, Aqua added. The Benchmark Company is the sole book-running manager for the offering.

Shares of the company were down about 15% in after-hours activity.

Price: 0.4000, Change: -0.07, Percent Change: -15.02