Still betting on Nvidia? Our AI picked this stock instead; it’s up 96%+ THIS MONTH
Nagar Yaacov, a significant shareholder of 374Water Inc. (NASDAQ:SCWO), recently sold 144,860 shares of the company’s common stock. According to InvestingPro data, this sale comes amid a significant 22.9% decline in share price over the past week. The shares were sold at a price of $0.4348 each, amounting to a total transaction value of $62,985. Following this transaction, Yaacov holds 36,400,896 shares in the company. This move by a major stakeholder could be of interest to investors monitoring insider activities at 374Water Inc., particularly given that InvestingPro analysis indicates the stock is currently in oversold territory. While the company maintains more cash than debt on its balance sheet, investors should note that 15 additional key insights are available through InvestingPro’s comprehensive analysis platform.
In other recent news, 374Water Inc. has made significant strides in both technological advancements and financial growth. The company recently published a white paper showcasing the effectiveness of its AirSCWO system in eliminating per- and polyfluoroalkyl substances (PFAS) from spent anion exchange resins. The system consistently achieved more than 99.9% total PFAS destruction in trials, surpassing current disposal methods. This development comes in response to recent Environmental Protection Agency regulatory requirements for PFAS elimination.
In a parallel development, 374Water Inc. has secured approximately $12.2 million through a registered direct offering. The agreement involves the sale of 9,783,496 shares of common stock along with warrants to purchase an additional 14,675,244 shares. D. Boral (OTC:BOALY) Capital LLC is serving as the exclusive placement agent for the offering.
These developments highlight 374Water Inc.’s commitment to addressing waste management challenges and its continuous efforts towards financial growth. The company’s AirSCWO technology and recent financial raise are expected to further position 374Water Inc. as a leader in the waste treatment market.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.