Aquaporin Announces Withdrawal of Offering and Plans for Bankruptcy Proceedings

In a recent announcement, the Board of Directors of Aquaporin A/S, a Danish company renowned for its innovative water filtration technology, revealed the difficult decision to withdraw its rights issue and pursue bankruptcy proceedings. The company had been under financial stress and had explored various options to secure necessary funding.

On January 30, 2026, Aquaporin announced that despite receiving some pre-subscription commitments and investor interest, the financial backing needed to support its ongoing operations was insufficient. The company had initially declared its rights issue on December 19, 2025, but has now concluded that the offering could not meet the working capital requirements essential for its continuation into 2026.

The Board expressed its disappointment over the situation, vehemently noting their strenuous efforts to find capital through various strategies aimed at raising funds, including seeking partners who could help bolster the company's financial status. Unfortunately, these efforts fell short, leading them to deem the current situation unsustainable for the company's future.

Aquaporin is celebrated for its unique 'Aquaporin Inside®' technology, inspired by natural processes, that facilitates rapid, energy-efficient water filtration suitable for numerous industrial applications. Despite its innovative solutions being positioned to tackle significant global issues—such as water scarcity, energy consumption, and food and beverage processing—the company has struggled to capitalize on commercial opportunities effectively.

Unfortunately, without additional financial support, Aquaporin has become unable to maintain its technology's growth, affecting its hopes of making a broader impact in the water technology market. The Board stated they are saddened to confirm that commercialization has not advanced at a pace fast enough to secure the necessary Danish ownership of the technology itself.

The upcoming insolvency proceedings will include filing for bankruptcy and requesting the appointment of a trustee. The Board has promised to keep shareholders informed about the developments regarding their bankruptcy filings and the suspension of trading of shares on the Nasdaq Copenhagen.

Furthermore, withdrawal of the offering means that any previously exercised pre-emptive rights by investors will be canceled. Those who purchased new shares will receive refunds, less any transaction costs, while those with pre-emptive rights may suffer losses equivalent to their original purchase price.

The Board extended its gratitude to the dedicated efforts of both the executive management team and employees, as well as the support provided by investors, customers, and partners throughout the years of operation.

Aquaporin A/S was established with the mission of revolutionizing water filtration using a blend of biological, chemical, and physical sciences, backed by Nobel Prize-winning research. Although it has operations globally, including in the U.S., Turkey, Singapore, and China, the company’s vision of responsibly treating industrial wastewater and enhancing drinking water quality now faces significant hurdles.

As the company moves forward, stakeholders await further clarification regarding its financial restructuring and future implications for its advanced water technologies.

The gravity of this situation marks a notable point in Aquaporin’s journey, illustrating the immense challenges faced by innovative startups in securing sustainable financing amid shifting market conditions and global economic challenges.