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Yaacov Nagar, a major shareholder of 374Water Inc. (NASDAQ:SCWO), reported promoting a complete of 115,298 shares of the corporate’s widespread inventory over two days, in keeping with a latest SEC submitting. The transactions, executed on January 16 and 17, amounted to $69,648. The sale comes because the inventory trades close to its 52-week low, with InvestingPro evaluation indicating the inventory is at the moment buying and selling beneath its Honest Worth regardless of difficult market circumstances.
On January 16, Nagar bought 300 shares at $0.631 per share, and on January 17, he bought an extra 114,998 shares at a weighted-average value of $0.604 per share. The value for the latter transaction was executed in a number of trades, starting from $0.606 to $0.593 per share, as famous within the submitting. The corporate, at the moment valued at $84.34 million, has seen its inventory decline over 53% previously 12 months.
Following these transactions, Nagar’s direct possession stands at 36,861,882 shares. InvestingPro subscribers can entry 15+ further insights about 374Water, together with detailed monetary well being metrics and future progress projections. The platform’s evaluation suggests the inventory is at the moment in oversold territory, probably presenting an attention-grabbing setup for worth traders.
In different latest information, 374Water Inc. has efficiently raised $12.2 million by the sale of shares and warrants. The cleantech firm bought 9,783,496 shares of widespread inventory and warrants to buy an extra 14,675,244 shares. The warrants, priced at $1.125 per share, are exercisable instantly and legitimate for 5 years. The association is anticipated to conclude by November 18, 2024, with D. Boral (OTC:BOALY) Capital LLC performing because the unique placement agent.
The corporate has additionally initiated operations of its AirSCWO expertise on the Iron Bridge Regional Water Reclamation Facility in Orlando. The expertise is designed to course of biosolids and PFAS contaminated wastes, which is in keeping with the town’s sustainability objectives. The Florida Division of Environmental Safety supported the set up with a grant below the Bilateral Infrastructure Regulation rising contaminant funding.
Along with these developments, 374Water anticipates additional commitments throughout the USA, together with a deployment to Orange County Sanitation (CA) in 2025. These latest developments spotlight the corporate’s ongoing efforts to handle waste successfully and sustainably.
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