Clearsign Technologies Corp Stock Price, News & Analysis

ClearSign Technologies Corporation (Nasdaq: CLIR) reported operational updates for Q1 2022, emphasizing growing industry recognition and deeper customer engagement. Key highlights include:

• Closed a public offering of 4,186,000 shares at $1.11 per share, raising approximately $4.65 million for various corporate purposes.
• Awarded a $250,000 grant from the Department of Energy to develop ultra-low NOx hydrogen burner technology.
• Secured an initial order for 20 ClearSign Core™ burners from a California refinery.
• Successfully installed a process burner at a European refinery.
• Relocated headquarters to Tulsa, OK.

ClearSign Technologies Corporation (Nasdaq: CLIR) has successfully closed an underwritten public offering of 4,186,000 shares at $1.11 per share, raising approximately $4.65 million. The offering included 546,000 shares from the underwriter's full exercise of its overallotment option. The net proceeds will be allocated for working capital, R&D, marketing, and general corporate purposes. Newbridge Securities Corporation acted as the sole book-running manager.

ClearSign Technologies Corporation (Nasdaq: CLIR) announced a public offering of 3,640,000 shares at $1.11 per share, aiming for gross proceeds of $4,040,400. An additional 546,000 shares may be offered if underwriters exercise their option, potentially raising total proceeds to $4,646,460.

Proceeds will support working capital, research and development, and sales efforts. The offering is set to close by June 1, 2022, pending customary conditions.

ClearSign Technologies Corporation (Nasdaq: CLIR) announced a proposed underwritten public offering of its common stock, with all shares to be sold by the company. The offering includes a potential 30-day option for the underwriter to purchase an additional 15% of shares at the public offering price. Proceeds will be utilized for working capital, research and development, marketing, and general corporate purposes. The final terms of the offering will rely on market conditions, and the company can make no assurance regarding the completion or size of the offering.

ClearSign Technologies Corporation (Nasdaq: CLIR) has been awarded a government grant of approximately $250,000 through the Small Business Innovative Research (SBIR) program with the Department of Energy. This funding will support the development of ultra-low NOx hydrogen burner technology, which aims to reduce carbon dioxide and nitrogen oxide emissions in industrial applications. The project will last six months, and upon completion, ClearSign may apply for a Phase 2 grant of up to $1.6 million for further development. The effort is positioned to advance the hydrogen economy.

ClearSign Technologies Corporation (Nasdaq: CLIR) announces a conference call scheduled for June 2, 2022, at 5:00 PM ET, to discuss its Q1 results. The company will file its 10-Q report and provide a summary of operating results for the quarter ending March 31, 2022. Additionally, a virtual Annual Meeting will take place on June 6, 2022, at 2:00 PM ET. Shareholders can participate online and submit questions during the meeting. More information is accessible on the company’s investor relations website.

ClearSign Technologies Corporation (Nasdaq: CLIR) reported positive operational updates for Q4 and the full year ended December 31, 2021. The company highlighted significant progress in developing and launching technologies, securing major customer orders, and establishing strategic partnerships, particularly in China and California. Key achievements include Multi Heater Projects for national refiners, a successful installation at a European refinery, and the launch of a boiler burner line. As of December 31, 2021, cash and equivalents stood at $7.6 million, with 31,581,666 shares outstanding.

ClearSign Technologies Corporation (Nasdaq: CLIR) has announced an initial engineering order for a retrofitting project involving 20 ClearSign Core™ burners in two heaters at a California refinery. This marks the first order from a large independent national refiner and is anticipated to be the company's largest process burner project to date. The initial phase includes engineering and Computational Fluid Dynamics modeling, leading up to a full-size burner demonstration. ClearSign aims to improve emissions reduction in the California market, which is a significant focus.

ClearSign Technologies Corporation (Nasdaq: CLIR) will host a conference call on April 6, 2022, at 5:00 PM ET to discuss its financial results for the quarter ending December 31, 2021. The company plans to file its annual report on Form 10-K with the SEC by March 31, 2022. Investors can join via phone at 1-866-372-4653 (U.S.) or 1-412-902-4217 (international), or through a webcast. The call will be archived for 90 days. ClearSign focuses on enhancing energy efficiency and safety in industrial systems.