Welcome to our dedicated page for Aqua Metals SEC filings (Ticker: AQMS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Aqua Metals, Inc. (NASDAQ: AQMS) SEC filings page on Stock Titan provides direct access to the company’s official disclosures as filed with the U.S. Securities and Exchange Commission. These documents are central to understanding Aqua Metals’ development as a metals recycling and refining company built around its proprietary AquaRefining™ technology for lithium-ion battery recycling and critical minerals recovery.
Through periodic reports such as the Form 10-K and Form 10-Q, investors can review detailed information on Aqua Metals’ operations, risk factors, liquidity, and progress toward commercializing its AquaRefining™ platform and AquaRefining™ Campus (ARC) facility concept. These filings also describe the company’s focus on producing high-purity, low-carbon battery materials from black mass and other feedstocks, and its efforts to support domestic critical mineral supply chains.
Current reports on Form 8-K document material events, including capital raises via registered direct offerings and private placements, notices and resolutions related to Nasdaq listing standards, reverse stock split actions, earnings announcements, and significant agreements such as securities purchase arrangements. These filings provide formal context for many of the developments referenced in Aqua Metals’ press releases.
Users can also monitor proxy statements (DEF 14A) for insight into corporate governance, director elections, equity incentive plans, and shareholder proposals related to capital structure, including reverse split authorizations and share issuance approvals. Where applicable, Form 4 and other ownership-related filings can shed light on insider equity transactions and alignment between management and shareholders.
Stock Titan enhances this raw filing data with AI-powered summaries that highlight key points from lengthy documents, helping readers quickly understand complex sections on financing terms, listing compliance, and strategic initiatives. Real-time updates from EDGAR ensure that new Aqua Metals filings appear promptly, giving AQMS investors a structured, convenient way to follow the company’s regulatory history and ongoing disclosure record.
Aqua Metals, Inc. filed a Form 4 for Chief Engineering and Operating Officer Benjamin S. Taecker reporting voluntary cancellations of equity awards. On January 7, 2026, he agreed to forfeit and cancel unvested restricted stock units (RSUs) previously granted, which is shown as a disposition of 13 shares of common stock at a price of $0. Following this adjustment, he beneficially owned 36,480 shares of common stock, including 30,543 shares underlying RSUs that are not yet vested and deliverable.
The filing also reports that he voluntarily agreed to forfeit and cancel all outstanding performance share units (PSUs). These included several PSU awards covering 443 shares each and one award covering 1,329 shares of common stock, all recorded as derivative securities with a $0 exercise price and reduced to zero units held after the transactions. These changes represent internal modifications to his equity compensation rather than open-market share sales.
Aqua Metals, Inc. Chief Executive Officer and director Stephen Cotton reported voluntary cancellations of unvested equity awards. On 01/07/2026, he forfeited 2,100 shares of common stock at $0, reflecting the cancellation of unvested restricted stock units. After this adjustment, he directly beneficially owned 145,459 shares of common stock, which includes 100,549 shares underlying restricted stock units that are not yet vested and deliverable. Cotton also voluntarily forfeited and cancelled multiple performance share unit awards, including blocks of 1,510 units tied to dates in 2025 and 2026 and 4,530 units tied to 2027, leaving him with 0 performance share units outstanding.
Aqua Metals, Inc. (AQMS)3,208 shares of common stock were withheld and returned to the company’s equity plan to cover tax liabilities arising from the vesting of a previously reported restricted share grant, rather than being sold on the open market.
Following this tax withholding, Cotton beneficially owned 147,559 shares of Aqua Metals common stock, including 102,649 shares underlying restricted stock units (RSUs) that have not yet vested or become deliverable. The filing is a compliance disclosure showing how vested equity awards are used to satisfy personal tax obligations while retaining a substantial equity position.
Aqua Metals, Inc. officer Benjamin S. Taecker reported a tax-related withholding of 979 shares of Aqua Metals common stock on January 2, 2026. The shares were withheld at $4.8 per share to cover tax liability tied to the vesting of a previously reported restricted share grant. After this withholding, Taecker beneficially owned 36,493 shares of common stock. This total includes 30,556 shares underlying restricted stock units that are not yet vested and deliverable, so they may be received in the future as vesting conditions are met.
Aqua Metals, Inc. (AQMS) Chief Financial Officer Eric West reported an insider transaction on a Form 4. On 11/20/2025, 720 shares of common stock were withheld and returned to the company’s equity plan to cover taxes owed on the vesting of a previously reported restricted share grant. After this tax-withholding transaction, West beneficially owned 38,745 shares of Aqua Metals common stock, including 37,703 shares underlying restricted stock units that have not yet vested or been delivered.
Aqua Metals, Inc. filed a Form 8-K to report that on November 12, 2025 it issued a press release announcing its operational and financial results for the third quarter of 2025. The company is furnishing this press release as Exhibit 99.1, meaning it is provided for information rather than being treated as formally filed.
The report is signed on behalf of Aqua Metals by its Chief Financial Officer, Eric West, confirming management’s responsibility for the disclosure.
Aqua Metals (AQMS) filed its Q3 2025 10‑Q, reporting continued losses and a going concern warning. The company posted a net loss of $3,121,000 for the quarter and $18,206,000 for the nine months. Cash and cash equivalents were $3,586,000, and total stockholders’ equity was $6,522,000.
The balance sheet reflects the June sale of the TRIC facility, driving a non‑cash impairment and loss on disposal of property, plant and equipment of $9,037,000. The company repaid $3,000,000 to Summit and $1,500,000 of secured notes in 2025. Operating cash outflow was $7,648,000 for the nine months.
To fund operations, Aqua Metals raised $5,921,000 via its ATM and $903,000 through an equity line of credit (ELOC) in the nine months. As of September 30, 2025, the ATM had no remaining capacity, while $9,097,000 remained available under the ELOC. Subsequent event: on October 16, 2025, the company closed a registered direct offering and concurrent private placement for aggregate net proceeds of approximately $12,000,000. Management states there is “substantial doubt” about the company’s ability to continue as a going concern.
Common shares outstanding were 2,979,263 as of November 7, 2025, after 1‑for‑20 and 1‑for‑10 reverse splits in November 2024 and August 2025.
Aqua Metals, Inc. filed a resale registration covering up to 1,133,794 shares of common stock issuable upon exercise of common stock purchase warrants held by a single selling stockholder. The warrants were issued on October 16, 2025, carry a $11.34 per‑share exercise price, may be exercised on a cashless basis in certain circumstances, and expire on October 16, 2030. The company will not receive proceeds from any resale by the holder; it would receive cash only upon warrant exercises. If all warrants are exercised for cash, aggregate gross proceeds would be approximately $12,857,224.
The selling stockholder may sell shares over time using various methods described under “Plan of Distribution.” Aqua Metals’ common stock trades on Nasdaq as “AQMS,” with a last reported price of $10.0533 per share on October 23, 2025. Shares outstanding were 2,982,762 as of October 22, 2025. The prospectus highlights risks including stock price volatility and notes that the auditor’s report includes an explanatory paragraph regarding substantial doubt about the company’s ability to continue as a going concern.
Aqua Metals (AQMS) filed a Form S-3 shelf registration permitting the company to offer, from time to time, up to $100,000,000 of securities, including common stock, debt securities, warrants, subscription rights, and units. Specific terms, pricing, and amounts for any issuance will be detailed in future prospectus supplements. The filing also carries forward $38,076,780.78 of unsold securities from a prior registration under Rule 415(a)(6).
The company may sell securities directly, through agents, or via underwriters and dealers, using various distribution methods described in the base prospectus. Aqua Metals’ common stock trades on the NASDAQ Capital Market under AQMS; the last reported sale price was $15.70 per share on October 16, 2025. The most recent audited financial statements incorporated by reference include an auditor’s explanatory paragraph noting substantial doubt about the company’s ability to continue as a going concern.
Aqua Metals, Inc. entered into a financing that combines a registered direct offering and a concurrent private placement of warrants. The company agreed to sell 205,213 common shares at $11.34 per share and 928,581 pre-funded warrants at $11.339, and concurrently issue common stock purchase warrants exercisable for up to 1,133,794 shares at an $11.34 exercise price.
The company reported gross proceeds of approximately $13 million from the Offering, before expenses. The pre-funded warrants are immediately exercisable at $0.001 per share, while the private placement warrants are exercisable upon issuance, carry a five-year term, and may allow cashless exercise in certain cases. Both warrant types include ownership limits of 4.99% or 9.99% at the holder’s election. The Offering is expected to close on October 16, 2025, subject to customary conditions.
The Benchmark Company served as placement agent and received a 7% cash fee. The securities were issued off the company’s effective Form S-3 shelf, and net proceeds are intended for working capital and general corporate purposes.
FAQ
What is the current stock price of Aqua Metals (AQMS)?
What is the market cap of Aqua Metals (AQMS)?
