374Water receives 180-day extension from Nasdaq to meet minimum bid price

374Water Inc. (NASDAQ:SCWO), currently trading at $0.20 and down over 72% year-to-date according to InvestingPro data, announced Tuesday that it has received a 180-day extension from the Nasdaq Stock Market LLC to regain compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market.

According to a press release statement and the company’s filing with the Securities and Exchange Commission, 374Water had previously received a deficiency notice from Nasdaq on January 15, 2025. The notice stated that the company’s common stock had closed below $1.00 per share for 30 consecutive trading days, which is below the minimum bid price required under Nasdaq Listing Rule 5550(a)(2). The company was initially given until July 14, 2025, to regain compliance.

On July 8, 374Water requested an extension, and on July 15, the company was notified that Nasdaq granted an additional 180 days, until January 12, 2026, to meet the requirement. To regain compliance, the company’s common stock must close at or above $1.00 per share for at least 10 consecutive business days and receive approval from Nasdaq staff.

If compliance is not achieved by January 12, 2026, Nasdaq staff will provide written notification that the company’s securities are subject to delisting. 374Water would then be entitled to request a review by a Nasdaq Hearings Panel, although such a request would not automatically stay the suspension of trading.

The company stated it is actively monitoring its closing bid price and is considering available options to regain compliance. There is no assurance that the company will be able to meet the minimum bid price requirement during the extension period or that it will remain in compliance with other Nasdaq listing rules.

This information is based on a statement issued in a press release and details provided in the company’s SEC filing.

In other recent news, 374Water Inc. reported a significant increase in revenue for the first quarter of 2025, with a 72.4% rise to $543,000. However, the company also experienced a widening net loss of $3.7 million, primarily due to a 6% increase in operating expenses, which totaled $3.9 million. Despite the revenue growth, the company’s financial performance did not meet earnings forecasts, leading to investor concerns about future profitability. In terms of future projections, 374Water has set a revenue target of $4 million to $6 million for the year 2025. Additionally, the company is optimistic about achieving annual revenue between $250 million and $500 million within five years, driven by strategic partnerships and the commercialization of its AirSquo systems. Analysts from Sidoti have noted the potential revenue from partnerships, such as the one with Crystal Clean, which could generate $12 million to $20 million annually. The company is also involved in projects with the Department of Defense and the University of North Carolina, which are expected to contribute to future growth.

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