Aqua Membranes, Inc. announced that it will issue 7,452,638 series A preferred stock at a price of $0.5079 per share for gross proceeds of $3,785,197.84 on January 10, 2019. The shares are convertible. The shares will be convertible into common shares at a fixed conversion price of $0.5079 per share. The round will be raised at a post-money valuation of $3,785,195. The company will receive proceeds of $2,345,527 pursuant to exemption provided under Regulation D.