secwatch.observer — SEC 8-K summary
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Issuer:     ClearSign Technologies Corp (CLIR)
CIK:        0001434524
Form:       8-K
Filed at:   2024-06-26T23:59:59+00:00
Accession:  0001104659-24-075194
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 3.02, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ClearSign raises $4.3M in private placement; shareholders approve authorized share increase to 87.5M
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- Issued 3.35M shares, pre-funded warrants for 1.343M shares, and private warrants for 7.04M shares at $1.05 strike to clirSPV LLC for $4.3M gross.
- Authorized shares increased to 87.5M after stockholder approval at June 25 annual meeting.
- Annual meeting results: all four director nominees elected; BPM CPA ratified as auditor; say-on-pay approved with one-year frequency.
- Private warrants exercisable after 6 months for 5 years; company may redeem if stock price exceeds $2.275 for 20 days in 30.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1434524/000110465924075194/0001104659-24-075194-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1434524/000110465924075194/tm2418248d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-075194

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