- AquaBounty Technologies, Inc. issued **$4,000,000** in **unsecured, nonconvertible Senior Notes** on **October 28, 2025**, bearing an **18% annual interest rate** and maturing in **18 months**.  **[1603978_0001603978-25-000073_aqb-20251028xex10_1.htm:0]** **[1603978_0001603978-25-000073_aqb-20251028x8k.htm:1]** 
- The company engaged Univest Securities, LLC as the placement agent, agreeing to pay a **7.0% cash fee** on gross proceeds and up to **$125,000 for out-of-pocket expenses**.  **[1603978_0001603978-25-000073_aqb-20251028xex10_2.htm:1]** **[1603978_0001603978-25-000073_aqb-20251028x8k.htm:1]** 
- In connection with the Note Purchase Agreements, **Christine T. St.Clare and Gail Sharps Myers resigned** from the Board of Directors, and **Graydon Bensler and Braeden Lichti were appointed** as new independent directors, effective **October 28, 2025**.  **[1603978_0001603978-25-000073_aqb-20251028x8k.htm:3]** 
- This transaction grants Investors the ability to designate a majority of the Board, which could lead to a **change in control** of the Company.  **[1603978_0001603978-25-000073_aqb-20251028x8k.htm:3]**

AquaBounty Technologies Issues Senior Notes and Announces Board Changes

- AquaBounty Technologies reported a **net loss of $1.4 million** for the third quarter ended September 30, 2025, compared to a net loss of $3.4 million for the same period in 2024.  **[1603978_0001603978-25-000067_aqb-20251028xex99_1.htm:0]**  This net loss included a **non-cash asset impairment charge of $69 thousand** related to equipment for the Ohio Farm Project.  **[1603978_0001603978-25-000067_aqb-20251028xex99_1.htm:0]** 
- As of September 30, 2025, **cash and cash equivalents totaled $951 thousand**, an increase from $230 thousand at December 31, 2024.  **[1603978_0001603978-25-000067_aqb-20251028xex99_1.htm:0]** 
- The company's Ohio farm project is now **fully permitted** for its designed activities, having secured a wastewater discharge permit on **September 12, 2025**, and a right-of-way permit on **October 9, 2025**.  **[1603978_0001603978-25-000067_aqb-20251028xex99_1.htm:0]** 
- With the permits secured, AquaBounty will explore **strategic alternatives** for the Ohio farm project with its investment banker.  **[1603978_0001603978-25-000067_aqb-20251028xex99_1.htm:0]**

AQUABOUNTY TECHNOLOGIES (AQB)