other material
confidence high
sentiment neutral
materiality 0.50
ClearSign underwriter exercises over-allotment in full for ~$638K gross proceeds
ClearSign Technologies Corp
- Over-allotment exercised: 693,114 shares of common stock and warrants to purchase up to 693,114 shares at $0.92 per set.
- Gross proceeds of approximately $637,665 before underwriting discounts, commissions, and other expenses.
- Underwriter receives warrants to purchase 55,449 shares of common stock (8% of over-allotment shares sold).
- Closing of the over-allotment securities expected on or about May 15, 2024, subject to conditions.