ClearSign adds director David Maley, closes $9.3M combined public/private offering

ClearSign Technologies Corp

David Maley appointed to ClearSign Board, effective April 24, 2024; serves on Audit & Risk Committee.
Gross proceeds from combined public offering and private placement total ~$9.3M.
Public offering: 4,620,760 shares and redeemable warrants at $0.91/unit; warrants exercisable at $1.05 for 5 years.
Private placement: 2,249,763 shares, 3,155,642 pre-funded warrants, and 8,108,106 redeemable warrants at similar pricing.
Net proceeds earmarked for working capital, R&D, marketing & sales, and general corporate purposes.

item 5.02 item 7.01 item 8.01 item 9.01

Executive movements

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Appointed

David M. Maley

Director

CLIR · ClearSign Technologies Corp

Effective: 2024-04-24
Filed: April 24, 2024, 7:59 PM ET

Effective as of April 24, 2024 (the “Effective Date”), David M. Maley was appointed to the board of directors (the “Board”) of ClearSign Technologies Corporation (the “Company”), upon recommendation of the Board’s Nominating and Corporate Governance Committee, to fill the vacancy created by Mr. DiElsi’s resignation.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

David M. Maley was appointed as Director at ClearSign Technologies Corp.

Action: appointed
Role: Director

Exact text from the filing

Effective as of April 24, 2024 (the “Effective Date”), David M. Maley was appointed to the board of directors (the “Board”) of ClearSign Technologies Corporation (the “Company”), upon recommendation of the Board’s Nominating and Corporate Governance Committee, to fill the vacancy created by Mr. DiElsi’s resignation.

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ClearSign Technologies Corp filing history →

Source: SEC EDGAR

accession 0001104659-24-050960

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