ClearSign Combustion (CLIR) has provided an announcement.
ClearSign Technologies Corporation has initiated an underwritten public offering, partnering with Public Ventures LLC to sell over 4.6 million shares and an equal number of redeemable warrants, aiming to raise approximately $4.25 million. Each share-warrant set is priced at $0.92, with the potential for additional sales under an over-allotment option. Alongside this, a concurrent private offering to an accredited investor will issue another 5.4 million shares and warrants to purchase up to 8.1 million shares, targeting $5 million in gross proceeds. Both offerings are expected to close by April 23, 2024, subject to standard closing conditions.
Learn more about CLIR stock on TipRanks’ Stock Analysis page.
