ClearSign Technologies secured $1.77 million through a private placement of 500,000 common shares to Otter Capital at $3.54 per share and obtained an underwriter waiver to enable the transaction. The shares were issued as restricted securities without registration rights under Section 4(a)(2) and/or Rule 506 of Regulation D. Proceeds will support general corporate purposes, including working capital, research and development, and sales and marketing.
Agreement 1: ClearSign Technologies Raises $1.77 Million in Private Sale to Otter Capital at $3.54
- Agreement type: Stock Purchase Agreement (private placement of common stock)
- Counterparty: Otter Capital
- Signed / Effective: Jul 21 2026 / same
- Duration / Termination: At will
- Reason: Raise capital for general corporate purposes
Agreement 2: ClearSign Technologies Obtains Underwriter Waiver to Enable $1.77 Million Private Sale
- Agreement type: Waiver of offering and transfer restrictions under Underwriting Agreement
- Counterparty: Newbridge Securities
- Signed / Effective: Jul 21 2026 / Jul 21 2026
- Duration / Termination: Through earlier of Private Sale closing or Jul 31 2026
- Reason: Permit private sale to Otter Capital
Original SEC Filing:
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