Welcome to our dedicated page for Aquabounty Technologies news (Ticker: AQB), a resource for investors and traders seeking the latest updates and insights on Aquabounty Technologies stock.
AquaBounty Technologies Inc. (AQB) pioneers sustainable aquaculture through land-based farming systems and genetic innovation. This dedicated news hub provides investors and industry stakeholders with essential updates on operational milestones, financial developments, and technological advancements in antibiotic-free salmon production.
Access timely reports on earnings announcements, regulatory updates, and strategic partnerships that shape AQB's position in the biotechnology-driven aquaculture sector. Our curated collection features press releases about production facility expansions, genetic research breakthroughs, and sustainability initiatives aligned with global food security goals.
Key updates include progress in recirculating aquaculture system (RAS) deployments, broodstock management innovations, and market expansion efforts. Monitor developments in AQB's vertically integrated operations – from egg incubation to harvest – that reduce environmental impact while enhancing production efficiency.
Bookmark this page for structured access to verified information about AquaBounty's bioscience applications and financial performance. Check regularly for objective updates on operational scaling, biosecurity enhancements, and industry recognition in sustainable protein production.
AquaBounty Technologies reported its Q4 and 2020 year-end financial results, showcasing a revenue increase to $50,197 compared to $46,367 in Q4 2019. The company achieved $192.3 million in gross proceeds from public offerings, enhancing its balance sheet for the development of a 10,000 metric ton farm. Operational costs rose to $6.1 million due to increased production. The company faced a net loss of $6.1 million and inventory reserves of $1.5 million due to conventional salmon donations. AquaBounty anticipates a positive 2021, driven by rising consumer demand and planned commercial activities.
AquaBounty Technologies, Inc. (AQB) has successfully completed an underwritten public offering of 14,950,000 shares at $8.50 per share, raising approximately $127.1 million. This figure includes the full exercise of an option for underwriters to purchase an additional 1,950,000 shares. The net proceeds will be allocated to general corporate purposes, including establishing a new production farm and bolstering sales, marketing, and R&D initiatives. Oppenheimer & Co. Inc. and Lake Street Capital Markets acted as joint book-running managers for this offering.
AquaBounty Technologies (Nasdaq: AQB) announced a public offering of 13 million shares at $8.50 each, aiming for approximately $110.5 million in gross proceeds. The offering, expected to close by February 8, 2021, includes a 30-day option for underwriters to purchase an additional 1.95 million shares. Proceeds will fund general corporate purposes, including new farm construction and R&D investments. Oppenheimer & Co. and Lake Street Capital Markets are leading the offering. A registration statement was filed with the SEC and is effective as of January 25, 2021.
AquaBounty Technologies (Nasdaq: AQB) has started an underwritten public offering of its common stock, with underwriters expecting a 30-day option to purchase more shares. The offering's success is contingent on market conditions. The funds are intended for general corporate purposes, including development of a new production farm and enhancements in sales, marketing, and R&D. A registration statement for this offering was filed with the SEC and declared effective on January 25, 2021. No assurance is provided regarding the offering's completion or terms.
AquaBounty Technologies (NASDAQ: AQB) has successfully closed an underwritten public offering of 10,028,000 common shares at $6.50 each, generating approximately $65.2 million in gross proceeds. The offering included the exercise of underwriters' option for an additional 1,308,000 shares. The funds are intended for general corporate purposes, including land acquisition, construction costs for a new production farm, and increased investment in sales, marketing, and R&D. The offering was managed by Oppenheimer & Co. Inc. and Lake Street Capital Markets.
AquaBounty Technologies (Nasdaq: AQB) has announced a public offering of 8,720,000 shares at $6.50 per share, aiming to raise approximately $56.7 million. The offering is expected to close around December 14, 2020. The funds will be used for general corporate purposes, including land acquisition, construction of a new production farm, and enhancing sales, marketing, and R&D. The company granted underwriters a 30-day option for an additional 1,308,000 shares. The offering is part of AquaBounty's strategy to increase productivity in land-based aquaculture.
AquaBounty Technologies (NASDAQ: AQB) has selected Innovasea as the Recirculating Aquaculture Systems (RAS) technology provider for its upcoming 10,000 metric ton farm, known as Farm 3. The total build cost is projected to range from $140 million to $175 million, with construction expected to start in 2021 and production anticipated by 2023. AquaBounty is exploring optimal locations for Farm 3 within Kentucky and the Midwest. The CEO emphasizes a commitment to operational milestones and the first harvest of AquAdvantage salmon, promising continued updates for shareholders.
AquaBounty Technologies has announced a proposed underwritten public offering of its common stock. The underwriters may obtain a 30-day option to purchase additional shares. Proceeds will be allocated for working capital, including the potential acquisition of land and development of a new production farm. This offering is subject to market conditions, with no assurances regarding completion or terms. Oppenheimer & Co. and Lake Street Capital Markets are managing the offering, following a shelf registration statement filed with the SEC.
AquaBounty Technologies (NASDAQ: AQB) reported its Q3 2020 results, showcasing growth in revenue to $68,000, compared to $0 in Q3 2019. The company commenced harvesting conventional Atlantic salmon at its Indiana farm, paving the way for its first AquAdvantage salmon harvest. Operating expenses rose to $3.7 million due to increased production operations. AquaBounty raised $31.6 million through a public offering to strengthen its balance sheet. The company is advancing plans for a large-scale farm in Kentucky to produce 10,000 metric tons of AquAdvantage salmon annually.