Originclear - OCLN STOCK NEWS

OriginClear Inc. (OTC Pink: OCLN) announced the transfer of its Modular Water Systems division to its subsidiary Water On Demand, Inc. (WOD) in exchange for 6 million shares of common stock. This acquisition includes a global master license to five patents and the right to file for new patents since 2018, with a valuation between $26.6 million and $53.2 million. The total available market is projected to exceed $8 billion by 2026. CEO Riggs Eckelberry views this as beneficial for shareholders as WOD executes its business plan. Additionally, WOD has an LOI with Fortune Rise Acquisition Corporation (NASDAQ: FRLA) for a potential merger. This aligns with a growing trend in water treatment and recycling among local businesses, positioning WOD favorably in the market.

OriginClear Inc (OTC-PINK:OCLN) has reported approximately 125 million total shares shorted since November 2019. The average daily trading volume shows that around 37.96% involves short selling. Notably, a short squeeze is anticipated if OCLN shares surpass the $0.038 SqueezeTrigger price. The company has retained BUYINS.NET for ongoing monitoring of short sale activities, highlighting the compliance with Regulation SHO. This situation indicates potential volatility in OCLN's stock price as it approaches the threshold, prompting interest from investors. Additionally, the ongoing engagement with BUYINS.NET suggests a proactive approach to market surveillance and integrity.

OriginClear Inc (OTC Pink: OCLN) will participate in a debate on America’s water crisis, celebrating World Water Day on March 22, 2023, at NeueHouse, New York. CEO Riggs Eckelberry, Executive VP Ken Berenger, and Brand Ambassador Estrella Nouri will lead the panel titled “A Trillion-Dollar Deficit: How Our Failing Water Infrastructure Is Harming Americans.” The company has also launched a limited crowdfunding initiative for its Water On Demand™ program, allowing investments starting at $1,000. This program aims to empower businesses to manage water sustainably, helping to alleviate burdens on municipal systems.

OriginClear Inc. (OCLN) has announced a crowdfunding preview for its Water On Demand™ subsidiary, aimed at enhancing local water utility services. This offering, managed by Castle Placement, allows minimum investments starting at $1,000 and will conclude on April 30, 2023. Water On Demand™ provides compact water treatment systems and a pay-per-gallon model, relieving public utilities of financial burdens while addressing rising water treatment costs. The initiative targets businesses that require affordable solutions for wastewater treatment, promoting self-reliance and sustainability in water management.

OriginClear Inc. (OTC Pink: OCLN) announces that influencer Estrella Nouri will promote its Water On Demand service, designed to assist businesses with water management without significant upfront costs. CEO Riggs Eckelberry emphasized the need for better water infrastructure, stating that businesses can manage their water use effectively. Nouri expressed her excitement about contributing to clean water initiatives, highlighting the urgency of addressing clean water issues globally. Both Nouri and Eckelberry advocate for investors to join the clean water movement.

Fortune Rise recently proposed to acquire Water On Demand, Inc. through a non-binding LOI.

OriginClear's subsidiary, Water On Demand, made a $977,500 deposit to extend the period for consummating its initial business combination until May 5, 2023. The LOI is intended to guide negotiations and is contingent on specific terms being met. As a blank check company, Fortune Rise has no operations and will not generate revenues until after completing a business combination. The recent acquisition of Fortune Rise Sponsor, LLC has positioned Water On Demand within the clean water sector, aligning with market trends and local community initiatives.

Fortune Rise Acquisition Corporation (FRLA) has signed a non-binding Letter of Intent to acquire Water On Demand, Inc. (WODI), a subsidiary of OriginClear Inc. (OCLN). The agreement is focused on negotiating terms for acquiring WODI's equity, including shares and outstanding options. The acquisition aims to create a combined entity that will trade on Nasdaq under a new symbol. Both companies are committed to establishing definitive agreements to facilitate this acquisition, potentially transforming clean water into an investable asset for mainstream investors.

OriginClear Inc. (OTC Pink: OCLN) has acquired Fortune Rise Sponsor, LLC, the sponsor of Fortune Rise Acquisition Corp. (NASDAQ: FRLA), through its subsidiary, Water On Demand, Inc. The transaction, valued at $403,516.61, grants Water On Demand 2,343,750 shares of Class B Common Stock in the SPAC. This acquisition positions Water On Demand to leverage Fortune Rise's capabilities for potential strategic industry alignments. The SPAC focuses on business combinations in sectors aligned with its management’s expertise, enhancing growth prospects for OriginClear.

OriginClear Inc. reported remarkable growth for the third quarter of 2022, with revenue soaring 200% to $3.37 million compared to $1.12 million in Q3 2021. Gross profit rose 149% to $823,174. For the first nine months of 2022, revenue nearly tripled to $7.77 million, up 173% year-over-year. The company's loss from operations decreased significantly by $338,580 in Q3 and $936,866 for the nine-month period. Strategic investments in the new Water On Demand initiative are underway.