374Water Sets a New Target for 2022

Rhea-AI Summary

374Water Inc. (OTCQB: SCWO) has successfully closed a $5M private placement aimed at supporting its planned NASDAQ listing in 2022. The company has appointed Cherry Bekaert LLP as its new auditor and retained Donohoe Advisory Associates LLC. CEO Kobe Nagar emphasized that this strategic move will enhance visibility and market reach for their AirSCWO™ technology, which converts waste into recoverable energy and eliminates pollutants like PFAS. The first commercial systems are set to launch in mid-2022.

Positive

• Successfully closed a $5M private placement.
• New auditor Cherry Bekaert LLP engaged for NASDAQ listing support.
• Plans to launch first commercial systems of AirSCWO technology by mid-2022.

Negative

• None.

DURHAM, NC / ACCESSWIRE / December 29, 2021 / 374Water Inc. (OTCQB:SCWO), a leader in cleantech innovation is setting a new target for 2022.

The company reported that it successfully closed a $5M private placement. It has chosen Cherry Bekaert LLP as its new auditor, and retained Donohoe Advisory Associates LLC, all in support of a planned NASDAQ listing in 2022.

"We have set a target to be on NASDAQ, and working with top tier firms like Cherry Bekaert and Donohoe assures us the best opportunity to execute on our vision" says Kobe Nagar, CEO of 374Water. "This will provide us the visibility and market reach to meet the growing global demand for sustainable environmental solutions that enable a circular economy."

374Water's revolutionary AirSCWO^TM technology converts waste to recoverable energy, water, and minerals, while eliminating organic pollutants including "forever" chemicals such as PFAS. The company will deploy its first commercial systems in mid-2022.

Cautionary Language

This press release contains "forward-looking statements," as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as "expects," "plans," "projects," "will," "may," "anticipates," "believes," "should," "intends," "estimates," and other words of similar meaning.

About 374Water Inc.

374Water is a US-based cleantech, social impact company whose mission is to preserve a clean and healthy environment that sustains life. We are pioneering a new era of sustainable waste management that supports a circular economy and enables organizations to achieve their sustainability goals.

CONTACT:

Mr. Richard Davis ir@374Water.com, (786) 412-7015

SOURCE: 374Water, Inc.

View source version on accesswire.com:
https://www.accesswire.com/679847/374Water-Sets-a-New-Target-for-2022

FAQ

What is the purpose of the $5M private placement by 374Water (SCWO)?

The $5M private placement is intended to support 374Water's planned NASDAQ listing in 2022.

What technology does 374Water (SCWO) plan to deploy in mid-2022?

374Water plans to deploy its AirSCWO™ technology, which converts waste into recoverable energy and eliminates pollutants.

Who is the new auditor for 374Water (SCWO)?

374Water has engaged Cherry Bekaert LLP as its new auditor.

When does 374Water (SCWO) plan to launch its commercial systems?

The company plans to launch its first commercial systems in mid-2022.