Discover the Power of Partnership: D-Boral Capital Facilitates 374Water Inc.’s $12.2 Million Offering with Nasdaq SCWO
DURHAM, N.C., Nov. 22, 2024 (GLOBE NEWSWIRE)
374Water Inc. (NASDAQ:SCWO), a global leader in organic waste destruction technology for the municipal, federal, and industrial markets, today announced that it entered into a securities purchase agreement with certain investors to purchase approximately $12.2 million worth of its common stock and warrants in a registered direct offering.
Under the terms of the securities purchase agreement, the Company has agreed to sell 9,783,496 shares of its common stock, par value $0.0001 (“Common Stock”) and warrants (“Warrants”) to purchase 14,675,244 shares of Common Stock. The Warrants will be exercisable immediately upon issuance, have an exercise price of $1.125 per share, and will expire five years from the initial exercise date. The purchase price for one share of Common Stock and accompanying 1.5 Warrants will be $1.25.
Partnerships are essential in the world of business, and the collaboration between D-Boral Capital and 374Water Inc. demonstrates the power of coming together to achieve a common goal. By facilitating this $12.2 million offering with Nasdaq SCWO, D-Boral Capital is not only helping 374Water Inc. raise capital but also showcasing the importance of strategic partnerships in driving growth and success.
374Water Inc.’s innovative technology in organic waste destruction is crucial for addressing environmental concerns and improving sustainability in various sectors. With the support of investors and partners like D-Boral Capital, the company can further expand its operations and make a significant impact on waste management practices globally.
This partnership not only benefits the companies involved but also highlights the potential for collaboration to drive positive change in the industry. As technology continues to advance, initiatives like the one between D-Boral Capital and 374Water Inc. set a precedent for how businesses can work together towards a more sustainable and efficient future.
How will this affect me?
As a consumer, the partnership between D-Boral Capital and 374Water Inc. could lead to advancements in waste management technology and potentially result in more eco-friendly solutions for organic waste disposal. This could impact you by promoting environmental sustainability and contributing to a cleaner and greener future for all.
How will this affect the world?
The partnership between D-Boral Capital and 374Water Inc. represents a step towards more sustainable practices in waste management on a global scale. By investing in innovative technologies like those developed by 374Water Inc., the world can move towards a more environmentally conscious approach to addressing waste disposal and reducing the carbon footprint.
Conclusion
The collaboration between D-Boral Capital and 374Water Inc. highlights the transformative power of partnerships in driving innovation and sustainability in the business world. By joining forces, these companies are not only working towards their own success but also making a positive impact on the environment and industries they serve. This partnership serves as a reminder of the importance of unity and cooperation in creating a better future for all.
