LiqTech International to price $25 million public offering of stock

Deal conducted by Sunrise Securities to fund development, marketing

By Devika Patel

Knoxville, Tenn., Dec. 30 - LiqTech International, Inc. will price a $25 million public offering of stock, according to a Form S-1 filed Friday with the Securities and Exchange Commission.

Sunrise Securities Corp. is the agent.

Proceeds will be used for development and marketing, engineering, development and testing of membranes, opening local sales offices with test laboratories, building a new Asian facility, expansion, relocation and upgrades of the company's production capabilities, working capital, general corporate purposes and investments.

Based in Ballerup, Denmark, LiqTech is a clean technology company that provides state-of-the-art technologies for gas and liquid purification by manufacturing ceramic silicon carbide filters.

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