DALLAS, March 13, 2017 /PRNewswire/ -- Interstate Batteries announced today that it has established a stock sale plan in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, pursuant to which it will sell up to 430,000 shares of common stock of Aqua Metals, Inc. (NASDAQ: AQMS) for asset diversification and liquidity. In accordance with Rule 10b5-1, Interstate Batteries will have no discretion over sales under this plan.
Rule 10b5-1 permits corporate officers, directors and other designated persons to adopt written, pre-arranged stock trading plans when they are not in possession of material, non-public information. Using these plans, such persons can adjust their holdings and spread stock trades over a period of time regardless of any material, non-public information they may receive after adopting their plans. Stock sales by Interstate Batteries pursuant to the terms of the 10b5-1 Plan will be disclosed publicly in filings as required by the Securities and Exchange Commission.
About Interstate Batteries
Interstate's starting, lighting, ignition (SLI) batteries have been under millions of car hoods since 1952, each one backed by Outrageously Dependable® service, quality and value. Interstate PowerCare offers premier products, technical expertise and reliable service for critical and motive power needs, and Interstate All Battery Centers meet the growing demand for portable power in both retail and commercial markets. Today, Interstate sells more than 17 million batteries in North, Central and South America and China – and they recycle more than they sell. With a nationwide network of more than 200,000 dealers returning battery cores, they've turned batteries into one of America's greatest recycling successes. For more information, please visit www.interstatebatteries.com.
This news release contains forward-looking statements, including, in particular, statements about the plans and intentions of Interstate Batteries. These have been based on the current assumptions, expectations and projections of Interstate Batteries about future events. Although Interstate Batteries believes that the expectations reflected in these forward-looking statements are reasonable, Interstate Batteries can give no assurance that the expectations will prove to be correct.
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SOURCE Interstate Batteries