LiqTech International (LIQT) Registration filing summary

Company overview and business model

• Operates as a clean technology company specializing in ceramic silicon carbide filters and membranes for gas and liquid purification, with proprietary nanotechnology and patented silicon carbide technology.

• Focuses on three business areas: ceramic membranes and filtration systems, ceramic diesel particulate filters, and plastic components for industrial use.

• Products are marketed globally from offices in Denmark, the U.S., and China, with manufacturing in Denmark.

• Strategy centers on leveraging material science and filtration expertise to penetrate end markets such as automotive, marine, oil & gas, and industrial wastewater.

Financial performance and metrics

• As of March 31, 2026, historic net tangible book value was $7.6 million ($0.76 per share).

• After the offering, as adjusted net tangible book value would be $25.6 million ($1.22 per share), resulting in immediate dilution of $0.58 per share for new investors.

• Outstanding principal on Senior Promissory Notes was $6.0 million as of March 31, 2026, bearing 10% interest, maturing May 1, 2027.

• Issued $1.1 million in 9.09% OID Notes in May 2026, with a two-month term and original issue discount of $100,000.

Use of proceeds and capital allocation

• Net proceeds will be used to repay $3.0 million of Senior Promissory Notes (after $3.0 million cancellation in a concurrent private placement), $1.1 million of 9.09% OID Notes, and for working capital and general corporate purposes.

• Any remaining proceeds may be held as cash or invested in cash equivalents or securities.