According to reports from Liquid Mercury, ACQUA1, LLC completed the initial closing of its MERC exchange offering on September 1, 2026. The offering issued 56.3 million units to verified accredited investors while burning 563.2 million MERC tokens. ACQUA1 is a subsidiary of Liquid Mercury that operates the company's Lab Company program, licensing Liquid Mercury technology to companies tokenizing real-world assets in exchange for fees and minority equity stakes. As per Liquid Mercury, verified accredited investors subscribed by exchanging MERC for non-voting Class B units at the initial conversion rate of 10 MERC per unit under Rule 506(c) of Regulation D. The offering documents note that ACQUA1 tokens are restricted securities and may remain illiquid indefinitely, with investors not assuming Rule 144 will be available.
According to Liquid Mercury, ACQUA1 burned 563,230,000 MERC tokens on September 2, 2026 by transferring them to a dead address as required by its operating agreement. Under ACQUA1's operating agreement, the company must burn 100% of the MERC it receives at each closing within five business days and may not transfer, trade, lend, stake, pledge, or otherwise deploy it. The MERC contract has no burn function, with tokens being removed from circulation by transferring to the dead address. All 563,230,000 MERC received at the initial closing were burned via transfer to a dead address on September 2, 2026, as required by offering documents.
According to Liquid Mercury CEO Tony Saliba, the company has seen dozens of companies approach Liquid Mercury over the past 18 months seeking to tokenize their assets. The Mercury RWA licensing model allows companies to launch on proven systems at a fraction of the time and cost compared to building infrastructure from scratch. As reported by Liquid Mercury, ACQUA1 token holders now own a slice of the business that earns equity, plus fees from the companies in the Lab Company program. The offering includes remaining closings on or about October 30 and December 31, 2026, with ACQUA1 retaining discretion to skip or terminate subsequent closings, and conversion rates may differ at subsequent closings. Verified accredited investors can request full terms at acqua1.liquidmercury.com/contact.
As reported by Liquid Mercury, the company powers professional crypto trading and digital asset marketplaces, delivering institutional-grade infrastructure across its Pro, OTC, and RWA platforms. The offering represents an extension of Liquid Mercury's infrastructure into tokenized real-world assets, with $MERC serving as the access and platform layer token. The remaining supply of MERC excluding the dead address stands at 5,436,770,000 tokens as of the publication date. The company notes that ACQUA1-C tokens convert one-for-one into ACQUA1 tokens upon issuance, with the conversion rate potentially differing at subsequent closings. For more information, visit www.liquidmercury.com.
