other material
confidence high
sentiment neutral
materiality 0.60
ClearSign Technologies prices 777,780-share public offering at $4.33/share for ~$3.37M gross proceeds
ClearSign Technologies Corp
- 777,780 shares priced at $4.33/share; gross proceeds $3.37M (up to $3.87M with 30-day over-allotment option).
- Net proceeds estimated at $2.94M after underwriting discounts and estimated offering expenses.
- Offering expected to close June 1, 2026; Newbridge Securities is sole book-running manager.
- Proceeds to be used for working capital, R&D, marketing, sales, and general corporate purposes.
- Officers and directors enter 90-day lock-up; underwriter has option for additional 116,667 shares.