Nagar Yaacov, a significant shareholder in 374Water Inc. (NASDAQ:SCWO), a $91 million market cap company, recently sold a portion of his holdings in the company. The stock has declined nearly 8% in the past week and 47% over six months, though InvestingPro analysis suggests the shares are currently trading near Fair Value. According to a Form 4 filing with the Securities and Exchange Commission, Yaacov disposed of 69,570 shares of common stock on January 10, 2025. The shares were sold at a weighted-average price of $0.684, with the transactions executed at prices ranging from $0.673 to $0.697. Following this transaction, Yaacov retains ownership of 37,050,752 shares. InvestingPro data shows the stock is currently in oversold territory, with 18 additional real-time insights available for subscribers.
In other recent news, 374Water Inc. has secured approximately $12.2 million through a registered direct offering of common stock shares and warrants. The cleantech company sold 9,783,496 shares and warrants to purchase an additional 14,675,244 shares. The warrants, priced at $1.125 per share, are exercisable immediately and will remain valid for five years.
In addition, the company has initiated operations of its AirSCWO technology at the Iron Bridge Regional Water Reclamation Facility in Orlando, marking a significant step in commercial biosolids processing. This development aligns with the city's sustainability goals and demonstrates 374Water's ability to destroy persistent organic pollutants.
Furthermore, the Florida Department of Environmental Protection supported the installation with a grant under the Bilateral Infrastructure Law emerging contaminant funding. 374Water also anticipates additional commitments across the United States, including a deployment to Orange County Sanitation in 2025. These are among the recent developments for the company.
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