Air Water Ventures (WATR) Registration filing summary

Company overview and business model

• Specializes in sustainable water solutions, producing premium drinking water by extracting humidity from the air and packaging it in aluminum cans, glass bottles, and stainless steel containers.

• Manufactures and sells atmospheric water generators (AWGs) for consumer and industrial use, and operates water farms and bottling sites.

• Focuses on reducing plastic waste and environmental impact through sustainable packaging and decentralized water production.

• Targets commercial, industrial, and residential markets, with expansion plans for the U.S. and global markets.

• Holds partnerships with major distributors and hospitality groups, and invests in R&D for product innovation.

Financial performance and metrics

• For the year ended December 31, 2025, revenue was $1.37 million, up 164% from $519,000 in 2024, driven by increased bottling capacity and consumer demand.

• Net loss for 2025 was $27.5 million, compared to a $11.0 million loss in 2024, reflecting higher operating and finance costs.

• Cost of revenue increased to $4.7 million in 2025, primarily due to bottling operations and inventory obsolescence.

• Cash and cash equivalents as of December 31, 2025, were $16.6 million, with accumulated losses of $40.5 million.

• Significant increase in consultancy and professional fees in 2025 due to the business combination process.

Use of proceeds and capital allocation

• Will not receive proceeds from the resale of shares by selling securityholders; proceeds from warrant exercises, if any, will be used for general corporate purposes, including capital expenditures, acquisitions, and growth opportunities.

• No specific acquisitions or strategic transactions designated for proceeds as of the filing date.

• No proceeds will be received from the issuance of Earnout Shares.