- Reminds Stockholders That Aqua Metals Share Price Has Declined 85% Over Last One Year
- Kanen Believes That The Incumbent Board Should Be Held Accountable For Stockholder Value Destruction
- Kanen Is Seeking To Elect Five Highly Qualified Director Nominees
- This Is a Contested Election and Stockholders Should Wait Until They Receive Kanen's Proxy Materials and WHITE Proxy Card Before Voting
- Remains Willing to Work Constructively with Aqua Metals to Reconstitute the Board, But Believes Substantial Change is Required at Aqua Metals
NEW YORK, NY / ACCESSWIRE / April 18, 2018 / Kanen Wealth Management, LLC (together with its affiliates, "Kanen"), a stockholder of Aqua Metals, Inc. ("Aqua Metals" or the "Company") (NASDAQ: AQMS), with an ownership interest of approximately 7.9% of the Company's outstanding shares, issued a statement today urging Aqua Metals stockholders to STOP, LOOK and LISTEN before taking any action in response to the Company's solicitation of proxies for the Annual Meeting and to wait until they receive Kanen's proxy materials and WHITE proxy card before voting.
Kanen issued the following statement to Aqua Metals stockholders:
You may have already received, or will soon be receiving, a proxy statement and proxy card from Aqua Metals. We strongly urge you not to return the Company's proxy card or voting instruction form and not to allow Aqua Metals to take your vote over the telephone. We encourage you to wait until you receive Kanen's proxy statement and WHITE proxy card before voting. If you have already voted the Company's proxy card or voting instruction form or had your vote taken over the telephone, a later-dated WHITE proxy card will revoke your previously cast vote.
Kanen is seeking to reconstitute the Board with five highly qualified director nominees - Anthony Ambrose, Alan B. Howe, David L. Kanen, Jeffrey S. Padnos and S. Shariq Yosufzai. Aqua Metals is at a critical juncture, and we believe that meaningful Board change is required to protect the best interests of all unaffiliated stockholders and reverse the recent path of value destruction that has resulted in the Company's stock price declining by 85% over the past year alone.
We firmly believe that Aqua Metals is in urgent need of a refreshed stockholder-focused Board who is committed to enhancing long-term stockholder value. You will be able to vote FOR Kanen's nominees only on our WHITE proxy card. So we urge you to WAIT for and read Kanen's proxy solicitation materials before you vote or return a proxy.
Who Should Stockholders Contact for More Information?
Kanen's proxy solicitor is Alliance Advisors. If you have any questions or need further assistance, please contact Alliance Advisors at the phone numbers or email listed below:
Alliance Advisors LLC
200 Broadacres Drive, 3rd floor
Bloomfield, NJ 07003
Toll Free: 833.786.5514
Email: info@allianceadvisorsllc.com
Please wait until you receive Kanen's proxy materials and WHITE proxy card before you cast your vote in connection with the 2018 Annual Meeting.
IMPORTANT
If your shares are held in street name only, your bank or broker can vote your shares only upon receipt of your specific instructions. Please contact the person responsible for your account and instruct them NOT to vote at this time.
If you have any questions or need further assistance, please contact Alliance Advisors at 833.786.5514.
About Kanen Wealth Management, LLC
Kanen Wealth Management, LLC is a Florida-based investment adviser with a focused and differentiated fundamental approach to investing primarily in publicly traded U.S. companies. Kanen invests in deeply undervalued companies and actively engages with management teams and boards of directors to identify and execute on opportunities to unlock value for the benefit of all stockholders.
Investor Contacts:
David L. Kanen, (631) 863-3100
www.kanenadvisory.com
SOURCE: Kanen Wealth Management, LLC
