Aqua Metals ATM sales agreement assigned to StoneX
Aqua Metals, Inc. (AQMS) reports an administrative change to its existing at-the-market equity program.
Rhea-AI Filing Summary
Aqua Metals, Inc. (AQMS) reports an administrative change to its existing at-the-market equity program. On August 30, 2024, Aqua Metals entered into an ATM Sales Agreement with The Benchmark Company, LLC, which was amended on December 2, 2025. On September 2, 2026, Benchmark notified Aqua Metals that it had assigned its rights and obligations under the Sales Agreement to its affiliate, StoneX Financial Inc., an SEC-registered broker-dealer and FINRA/SIPC member. The agreement permits Benchmark to assign its rights and obligations to an affiliate pursuant to Section 13 of the Sales Agreement without Aqua Metals’ consent.
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8-K Event Classification
Item 8.01 — Other Events
1 item
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Key Figures
ATM Sales Agreement date: August 30, 2024
ATM amendment date: December 2, 2025
Assignment notice date: September 2, 2026
3 metrics
ATM Sales Agreement date
August 30, 2024
Date Aqua Metals entered into the ATM Sales Agreement
ATM amendment date
December 2, 2025
Date the ATM Sales Agreement was amended
Assignment notice date
September 2, 2026
Date Benchmark notified Aqua Metals of assignment to StoneX Financial Inc.
Key Terms
at-the-market offering, Sales Agreement, SEC-registered broker-dealer, FINRA, +1 more
5 terms
at-the-market offering financial
"relating to the sale of shares of our common stock in a traditional at-the-market offering"
An at-the-market offering is a method companies use to sell new shares of stock directly into the open market over time, rather than all at once. This allows them to raise money gradually, similar to selling small pieces of a product instead of a large batch. For investors, it means the company can access funding more flexibly, but it may also increase the supply of shares and influence the stock’s price.
Sales Agreement financial
"entered into an ATM Sales Agreement, or the Sales Agreement, with The Benchmark Company"
A sales agreement is a written contract that sets out the terms for selling goods, services, or assets, specifying price, delivery, payment schedule and responsibilities of each side. For investors it matters because it creates a predictable stream of revenue or cash obligations, clarifies timing and risk, and can change a company’s value or forecasts much like a signed order turns a customer’s verbal intent into a firm commitment.
SEC-registered broker-dealer regulatory
"StoneX Financial Inc., also an SEC-registered broker-dealer and member of FINRA and SIPC"
FINRA regulatory
"StoneX Financial Inc., also an SEC-registered broker-dealer and member of FINRA and SIPC"
FINRA is the U.S. self‑regulatory organization that oversees brokerage firms and individual brokers, setting and enforcing rules to protect investors and keep markets orderly. Think of it as a referee and rulebook keeper for the broker industry: it licenses brokers, monitors their behavior, enforces standards, and runs complaint and arbitration systems, so investors can check records and have a path to resolve disputes.
SIPC regulatory
"StoneX Financial Inc., also an SEC-registered broker-dealer and member of FINRA and SIPC"
The Securities Investor Protection Corporation (SIPC) is a nonprofit organization that helps customers recover cash and securities if a registered brokerage firm fails and assets are missing. Think of it like an insurance backstop for your brokerage account—it can replace missing holdings up to legal limits but does not protect against losses from market movements or bad investment choices.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Aqua Metals, Inc. (AQMS) disclose in this Form 8-K?
Aqua Metals disclosed that The Benchmark Company, LLC assigned its rights and obligations under the existing ATM Sales Agreement to its affiliate, StoneX Financial Inc., effective after notice given on September 2, 2026, under the agreement’s permitted assignment terms.
What is the ATM Sales Agreement mentioned by AQMS?
The ATM Sales Agreement is a contract, dated August 30, 2024 and amended on December 2, 2025, that allows Aqua Metals to sell shares of its common stock in a traditional at-the-market offering through a broker-dealer.
Who is the new sales agent for Aqua Metals’ ATM program?
The new sales agent is StoneX Financial Inc., an affiliate of The Benchmark Company, LLC. Benchmark assigned its rights and obligations under the ATM Sales Agreement to StoneX Financial Inc., which is an SEC-registered broker-dealer and a member of FINRA and SIPC.
Did Aqua Metals need to consent to the assignment of the ATM Sales Agreement?
No. Under Section 13 of the ATM Sales Agreement, The Benchmark Company, LLC was entitled to assign its rights and obligations to an affiliate without obtaining Aqua Metals’ consent or agreement, and the assignment to StoneX Financial Inc. was made under this provision.
Does the Form 8-K disclose any change in the size or terms of AQMS’s ATM offering?
No. The disclosure focuses on the assignment of rights and obligations under the existing ATM Sales Agreement from The Benchmark Company, LLC to StoneX Financial Inc. It does not state changes in the size or pricing terms of the ATM offering.
AI-generated analysis. How Rhea-AI works. Not financial advice.
