Feb. 11 at 4:20 PM
$AQMS Key terms: Lion owners would receive about
$25.8 million of Aqua Metals stock at closing plus up to
$65 million additional stock tied to 12-month post-close revenue and EBITDA. Closing is targeted in Q2 2026 and remains subject to diligence, audit, definitive agreement, regulatory and shareholder approvals.
Lion Energy is U.S.-based in its operations, manufacturing and customer service. Currently, all Lion Energy products are designed, engineered, tested and supported from their headquarters in American Fork, Utah and shipped directly to customers from U.S. warehouses.
Positives:
Lion Energy contributed approximately
$50M revenue in 2025
All-stock deal preserves cash and aligns incentives Acquires Lion’s proprietary energy management software and firmware
Adds Lion’s minority stake in American Battery Factory
Negatives: Dilution
