other material
confidence high
sentiment neutral
materiality 0.30
ClearSign closes full over-allotment of 116,667 shares for ~$471K net proceeds
ClearSign Technologies Corp
- Underwriter Newbridge Securities purchased 116,667 additional shares at $4.33 each, fully exercising the over-allotment option.
- Net proceeds to ClearSign were approximately $470,858 after underwriting discounts and estimated expenses.
- Proceeds will be used for working capital, R&D, marketing, sales, and general corporate purposes.
- The over-allotment was part of a firm-commitment public offering that initially closed June 1, 2026.