E&P water supplier Armada Water Assets refiles for a $20 million IPO

By Renaissance Capital,

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Armada Water Assets, which was recently-formed to treat, supply and dispose of water for oil and gas companies, refiled on Friday with the SEC to raise up to $20 million in an initial public offering. The company originally filed for a self-underwritten $6 million IPO (53% insider) on the OTCQB in February 2013 but withdrew just five days later.

The Houston, TX-based company, which was founded in 2012 and booked $18 million in sales for the 12 months ended March 31, 2014, plans to list on the NASDAQ under the symbol AWA. Aegis Capital is the sole bookrunner on the deal. No pricing terms were disclosed.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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