other_material
confidence high
sentiment neutral
materiality 0.55
374Water enters $15.1M ATM equity facility with Lake Street, terminates prior $100M Jefferies program
374Water Inc.
- New ATM with Lake Street Capital Markets allows up to $15.1M in gross proceeds from common stock sales, capped at 28.7M shares.
- Lake Street receives 3% commission; net proceeds for working capital and general corporate purposes.
- Prior $100M ATM sales agreement with Jefferies LLC terminated effective June 6, 2025.
- Sales will be made under existing S-3 shelf (Registration No. 333-268942); prospectus supplement filed same day.
- Company not obligated to sell any shares and may suspend or terminate the ATM at any time.
item 1.01item 1.02item 9.01