regulatory
confidence high
sentiment negative
materiality 0.65
374Water fails Nasdaq independent director rule; cure period until March 9, 2026
374Water Inc.
- Company notified Nasdaq on March 13, 2025 it lacks a majority of independent directors per Listing Rule 5605(b)(1).
- Cure period expires at earlier of next annual meeting or March 9, 2026; if meeting before Sept 8, 2025, then by Sept 8, 2025.
- Company plans to elect an additional independent director as soon as practicable to regain compliance.
- No immediate impact on listing or trading of SCWO common stock on Nasdaq Capital Market.
- 2025 Annual Meeting scheduled for June 11, 2025; stockholder proposals due by April 12, 2025.