Clearsign Technologies Corp - CLIR STOCK NEWS

ClearSign Technologies announced that clirSPV has exercised its participation right, resulting in $4.3 million in gross proceeds. The funds will be used for working capital, R&D, marketing, sales, and general corporate purposes. Additionally, Robert T. Hoffman, Sr. has resigned from the Board of Directors, and clirSPV is involved in nominating a successor. This investment brings clirSPV's total capital infusion to $19.1 million since 2018. ClearSign is optimistic about future orders and partnerships, with recent product efficacy and BACT designation boosting commercial prospects.

ClearSign Technologies (Nasdaq: CLIR) reported significant progress in Q1 2024, with revenue increasing to $1.1 million from $900k in Q1 2023. Key achievements include successful burner installations at Kern Energy, leading to additional orders, and a new multi-boiler burner order from California Boiler. The company's technology has been validated through new BACT emissions thresholds in California, enhancing its market position. ClearSign closed an equity offering post-quarters with net proceeds of $8.7 million, bolstering cash reserves to $4.6 million as of March 31, 2024. The company aims for increased customer acceptance and sales momentum.

ClearSign Technologies (Nasdaq: CLIR) has announced the successful start-up of a second multi-burner heater at Kern Energy, located in California. This installation is part of a larger project consisting of two heaters totaling 13 burners. The first heater with eight burners was completed in January. Independent source testing confirmed that the emissions levels are below the guarantee levels, showcasing ClearSign's technology efficiency. This achievement highlights ClearSign's ongoing capacity to support California's stringent clean air goals by reducing emissions while improving energy and operational efficiency. The partnership with Kern Energy, a repeat customer, further validates the effectiveness and reliability of ClearSign's burner technology in the industrial market.

ClearSign Technologies (Nasdaq: CLIR) will host a conference call on Thursday, May 23, 2024, at 5:00 PM ET to discuss their quarterly financial and operating results for the first quarter ending on May 31, 2024. Investors can participate via phone or online webcast. The company will issue a press release on the day of the call with a summary of the results.

ClearSign Technologies , a leader in industrial combustion and sensing technologies, receives orders for the engineering of burners for two additional heaters at a California refinery, bringing the total to four burners. The company is grateful for the additional orders and aims to improve energy efficiency, operational safety, and reduce emissions. The orders follow successful installations at the same refinery, showcasing the company's technology and commitment to environmental goals.

ClearSign Technologies appoints David Maley to its Board of Directors. Maley brings forty years of investment experience, serving as the Chief Investment Officer of 1102 Partners, He will fill the independent director vacancy and join the Audit & Risk Committee. Maley's background includes roles at Ariel Investments, Maple Hill Capital Management, and Goldman Sachs.

ClearSign Technologies (CLIR) provides a full-year update for 2023, highlighting significant commercial momentum, record revenue, successful project start-ups, and new emissions thresholds. The company reported impressive revenue growth, received Best Available Control Technology (BACT) determinations, announced successful project start-ups, and completed a public offering raising $9.3 million. Cash position as of December 31, 2023, was approximately $5.6 million.

ClearSign Technologies completed a $9.3 million public offering and private placement of common stock and warrants. The public offering included 4,620,760 shares at a price of $0.91 per share with accompanying warrants. Concurrently, a private placement involved 2,249,763 shares, pre-funded warrants, and redeemable warrants. The gross proceeds were approximately $9.3 million, with intentions to utilize the funds for various purposes including working capital, research and development, marketing, and general corporate needs.

ClearSign Technologies announced the pricing of a $9.3 million public offering and concurrent private placement of common stock and warrants. The offerings involve the issuance of a total of 10,026,165 shares of common stock and redeemable warrants at different prices, with the goal of raising funds for the company's operations and growth.