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Nagar Yaacov, a ten percent owner of 374Water Inc. (NASDAQ:SCWO), recently reported the sale of 12,436 shares of the company’s common stock. The transaction, which took place on February 7, 2025, was executed at a price of $0.42 per share, amounting to a total value of $5,223. The sale comes amid significant stock pressure, with SCWO shares down approximately 72% over the past year and currently trading at $0.34. According to InvestingPro analysis, the company appears undervalued based on its Fair Value estimate.
Following this sale, Yaacov holds 36,388,460 shares directly. The filing was submitted to the Securities and Exchange Commission on February 11, 2025. InvestingPro data reveals the company is quickly burning through cash, though it maintains a healthy current ratio of 3.81, indicating strong short-term liquidity. Subscribers can access 18 additional ProTips and comprehensive financial metrics for deeper analysis.
In other recent news, 374Water Inc., a waste treatment technology company, reported significant achievements. The company’s AirSCWO system has demonstrated a 99.9% removal rate of per- and polyfluoroalkyl substances (PFAS) from spent anion exchange resins in recent trials. This surpasses current disposal methods and aligns with recent EPA regulatory requirements targeting PFAS elimination. The company’s innovation could significantly contribute to the disposal of PFAS-laden waste in the $1.3 billion spent media market.
In financial developments, 374Water Inc. has secured approximately $12.2 million through a registered direct offering. The offering involves selling 9,783,496 shares of common stock and 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. The transaction is expected to be completed by November 18, 2024, subject to customary closing conditions.
These are some of the recent developments in the company’s operations, demonstrating its continued commitment to innovative waste treatment solutions and solid financial strategies.
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