Aqua Metals' (AQMS) IPO Opens at $6.50, Above $5/Share Pricing

Aqua Metals, Inc. (Nasdaq: AQMS) has opened for trading at $6.50 after pricing 6.6 million shares of its common stock at $5 each.

Gross proceeds to Aqua Metals from this offering are $33,000,000 before deducting underwriting discounts, commissions and other offering expenses payable by Aqua Metals. Aqua Metals has granted the underwriters a 45-day option to purchase up to an additional 990,000 shares at the initial public offering price to cover over-allotments, if any. The offering is expected to close on August 5, 2015, subject to customary closing conditions.

National Securities Corporation, a wholly owned subsidiary of National Holdings, Inc. (NASDAQ: NHLD), is acting as the book-running manager and Northland Capital Markets is acting as a co-manager for the offering. The Liquid Venture Partners group at National Securities Corporation was responsible for sourcing and executing the offering.

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