BRIEF-AquaBounty Technologies Says Units Entered Into An Asset Purchase Agreement With Superior Fresh LLC-February 2024-www.financetom.com

BRIEF-AquaBounty Technologies Says Units Entered Into An Asset Purchase Agreement With Superior Fresh LLC

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BRIEF-AquaBounty Technologies Says Units Entered Into An Asset Purchase Agreement With Superior Fresh LLC

Jul 2, 2024 5:49 AM

July 2 (Reuters) - AquaBounty Technologies Inc ( AQB ):

* AQUABOUNTY TECHNOLOGIES INC ( AQB ) - ON JUNE 28 UNITS ENTERED

INTO AN

ASSET PURCHASE AGREEMENT WITH SUPERIOR FRESH LLC

* AQUABOUNTY TECHNOLOGIES-SUPERIOR FRESH WILL ACQUIRE AQB

INDIANA'S AQUACULTURE FACILITY, CERTAIN EQUIPMENT FROM AQB OHIO

FOR CASH PROCEEDS OF $9.5 MILLION

* AQUABOUNTY TECHNOLOGIES INC ( AQB ) - PORTIONS OF PROCEEDS OF SALE

ARE

EXPECTED TO BE USED TO REDUCE CO'S SECURED TERM LOAN

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