Originclear Stock Price, News & Analysis

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OriginClear Inc (OTC Pink: OCLN) reported a remarkable 250% increase in revenue for 2022, rising from $4,143,744 to $10,376,573. This growth is unprecedented for an equipment business, as stated by COO Tom Marchesello. The company's gross profit also saw a substantial increase of 262%, reaching $1,495,297.

However, operational losses rose to $(6,582,722) from $(6,045,452), indicating ongoing challenges. The net loss increased significantly to $(10,790,721), largely due to changes in other income and expenses. Overall, while revenue growth is promising, the rising operational and net losses present concerns for potential investors.

OriginClear Inc. (OTC Pink: OCLN) has merged its Modular Water Systems division with its subsidiary, Water On Demand, Inc. (WOD). In exchange for Modular Water's assets, WOD issued 6 million shares of its common stock. The assets include a global master license for five patents valued between $26.6 million and $53.2 million. The projected total available market for WOD is expected to exceed $8 billion by 2026. The merger aims to create a synergy that positions WOD to lead in the water managed services sector.

Additionally, WOD has entered a non-binding Letter of Intent with Fortune Rise Acquisition Corporation (FRLA) for a potential acquisition, which could result in a new publicly traded entity on Nasdaq.

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.