Armada Water announces plans to price initial public offering of stock

Aegis Capital will assist in selling company’s common stock in deal

By Devika Patel

Knoxville, Tenn., June 20 – Armada Water Assets, Inc. will conduct an initial public sale of its common stock with a 45-day greenshoe, according to a Form S-1 filed Friday with the Securities and Exchange Commission.

Aegis Capital Corp. is the bookrunning manager.

Proceeds will be used for acquisitions, project development and general corporate purposes.

The Houston company provides water supply, treatment, disposal, handling and transport services, to the oil and gas industry. The company intends to list its common stock on the Nasdaq under the symbol “AWA.”

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