Nagar Yaacov, a major shareholder of 374Water Inc. (NASDAQ:SCWO), recently sold shares worth $33,337, according to a filing with the Securities and Exchange Commission. The transactions took place over two consecutive days, with Yaacov selling a total of 56,162 shares at prices ranging from $0.591 to $0.595 per share. The sale comes as the stock has declined over 50% in the past six months, with analysts setting a significantly higher target price of $2.50. InvestingPro analysis reveals 17 additional investment insights for this stock.
After these transactions, Yaacov holds 36,805,720 shares in the company. These sales follow a pattern of strategic stock management by Yaacov, who is noted as a ten percent owner of the company. 374Water Inc., based in Durham, North Carolina, operates in the manufacturing sector, specifically focusing on motors and generators. The company, currently valued at approximately $84 million, maintains a strong liquidity position with a current ratio of 3.81, though InvestingPro data indicates an overall weak financial health score.
In other recent news, 374Water Inc. has secured approximately $12.2 million through a registered direct offering. This involves the sale of nearly 9.8 million shares of common stock and warrants to purchase an additional 14.7 million shares. The warrants are exercisable immediately upon issuance at $1.125 per share and remain valid for five years. D. Boral (OTC:BOALY) Capital LLC is serving as the exclusive placement agent for the offering.
In another development, 374Water has commenced operations of its AirSCWO technology at the Iron Bridge Regional Water Reclamation Facility in Orlando. This move marks a significant step in commercial biosolids processing. The Florida Department of Environmental Protection supported the installation with a grant under the Bilateral Infrastructure Law emerging contaminant funding.
Lastly, 374Water anticipates additional commitments across the United States, including a deployment to Orange County Sanitation in California in 2025. These developments signify the company's ongoing efforts to address waste management and wastewater treatment challenges.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.