other material
confidence high
sentiment neutral
materiality 0.55
374Water prices $12.2M registered direct offering of common stock and warrants
374Water Inc.
- Sale of 9,783,496 common shares and 14,675,244 warrants at $1.25 per unit; warrants exercisable at $1.125 for 5 years.
- Gross proceeds ~$12.2M; offering closed November 18, 2024; D. Boral Capital acted as exclusive placement agent.
- Officers and directors entered 3-month lock-up agreements restricting sale or transfer of company securities.
- Company did not specify use of proceeds; offering made under effective shelf registration statement.