Liquid Mercury Announces Initial Closing of ACQUA1 Offering

Liquid Mercury confirmed that its subsidiary ACQUA1, LLC completed the initial closing of the MERC exchange offering on September 1, 2026. The closing involved accredited investors exchanging MERC tokens for non‑voting Class B units of ACQUA1 at a rate of 10 MERC per unit.

Key Transaction Details

• Initial closing date: September 1, 2026
• MERC tokens received: 563,230,000
• All MERC tokens were burned on September 2, 2026 by sending them to a dead address
• Units issued: 56,323,000 non‑voting Class B units
• Units represented on‑chain by ACQUA1‑C tokens, which convert one‑for‑one into ACQUA1 tokens upon issuance

Program Overview

ACQUA1 operates Liquid Mercury’s Lab Company program, licensing the company’s technology to firms tokenizing real‑world assets. In return, the program receives licensing fees and a minority equity stake. Liquid Mercury remains the majority holder and manager of ACQUA1.

Future Closings

Additional closings are planned for around October 30 and December 31, 2026. ACQUA1 may skip or terminate these closings at its discretion, and conversion rates may change for subsequent rounds.

Regulatory and Investor Information

The offering was conducted under Rule 506(c) of Regulation D, targeting verified accredited investors only. The Class B units and associated ACQUA1 tokens are restricted securities with transfer limitations and may remain illiquid.

About Liquid Mercury

Liquid Mercury provides institutional‑grade crypto trading infrastructure, deep liquidity, and tools across its Pro, OTC, and RWA platforms. The MERC token serves as the access and platform layer for its Mercury RWA suite.