secwatch.observer — SEC 8-K summary
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Issuer:     ClearSign Technologies Corp (CLIR)
CIK:        0001434524
Form:       8-K
Filed at:   2024-04-19T23:59:59+00:00
Accession:  0001104659-24-049160
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ClearSign Technologies prices $9.3M public offering and concurrent private placement of common stock and warrants
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- Public offering of 4,620,760 shares + 4,620,760 warrants at $0.91/share and $0.01/warrant.
- Private placement of 5,405,405 shares + 8,108,108 warrants at $0.91/share and $0.015/1.5 warrants.
- Combined gross proceeds ~$9.3M; net proceeds for working capital, R&D, and sales.
- Public warrants exercisable immediately at $1.05; private warrants after 6 months; both 5-year term.
- Offerings expected to close April 23, 2024; underwriter has 45-day option for additional 15%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1434524/000110465924049160/0001104659-24-049160-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1434524/000110465924049160/tm2412212d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-049160

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer