374Water Inc Stock Price, News & Analysis

374Water (NASDAQ: SCWO) began its Waste Destruction Services deployment under a State of North Carolina contract to destroy Aqueous Film-Forming Foam (AFFF) using its AirSCWO technology on Nov 4, 2025. Phase 1 will treat 1,000 gallons at the University of North Carolina at Chapel Hill Collaboratory, with a potential additional 28,000 gallons if selected for phase 2, contributing to North Carolina’s broader 60,000-gallon state take-back initiative under the Responsible Firefighting Foam Management Act (H370).

State representatives observed on-site. The company described this as a validation of its WDS model and a step toward broader PFAS destruction services nationwide.

374Water (NASDAQ: SCWO) secured an agreement with the City of Olathe, KS to deliver an AirSCWO 6 system plus a full‑scale 30 wet tons/day pre‑treatment and dewatering system. The contract is valued at approximately $4 million over the next two years.

Olathe will operate the equipment under real‑world conditions for six months to assess sludge management scale‑up potential, operational performance across multiple waste streams, and the system’s ability to remove contaminants including PFAS. The pilot could inform future municipal purchases and wider adoption of AirSCWO technology.

374Water (NASDAQ: SCWO) filed a preliminary proxy on Oct 24, 2025 requesting shareholder approval for a discretionary reverse stock split at a ratio between 1-for-8 and 1-for-20, with a Special Meeting set for Dec 15, 2025 and expected split-adjusted trading at market open on Dec 26, 2025. The Board may abandon the split even after approval. Management cited this measure to preserve Nasdaq listing options, broaden institutional interest, and pursue financing. The company reported recent insider open-market purchases, a new Minimum Equity Ownership Policy for directors, leadership changes, and an ATM facility that generated approximately $7.0 million in gross proceeds, which the company says extends cash runway into the second quarter of 2026. A conference call is scheduled for Nov 12, 2025 to discuss Q3 2025 results.

374Water (NASDAQ: SCWO) completed a commercial-scale field demonstration of its AirSCWO™ 6 System at Clean Earth’s Detroit TSDF from July–September 2025 as part of a DoD DIU/ESTCP project.

Over ~80 hours of runtime the system treated approximately 900 gallons of six concentrated PFAS-impacted wastes (including AFFF, spent GAC, spent ion exchange resin, SAFF foamate, cyclodextrin regenerant distillate, and ion exchange still bottoms), plus one mixed-liquid batch. Arcadis is preparing performance assessments (DREs, fluorine mass balance, cost model) and comprehensive emissions and effluent analyses; results are expected to be publicly released by Q1 2026.

374Water (NASDAQ: SCWO) announced a new Minimum Equity Ownership Policy for its Board of Directors on October 15, 2025. Under the policy each director must purchase and continuously hold a minimum of USD $50,000 of company shares (inclusive of prior holdings) to meet the Minimum Equity Ownership Threshold. Any future material change to the threshold requires mutual consent of the company and the board. Management said the policy aims to better align director and shareholder interests as the company commercializes its AirSCWO technology and advances its Waste Destruction Services business model.

374Water (NASDAQ: SCWO) will host a conference call on Wednesday, November 12, 2025 at 4:30 p.m. ET to discuss third quarter results for the period ended September 30, 2025, a recent executive management change, and a strengthened balance sheet.

Interim President & CEO Stephen Jones and CFO Russell Kline will present; a press release with financial results will be issued prior to the call. The call includes a webcast with an accompanying presentation available during and after the call via the company investor relations site.

374Water (NASDAQ: SCWO) appointed board member Stephen J. Jones as Interim President and CEO, effective immediately, to lead commercialization of its super critical water oxidation (SCWO) technology and the Waste Destruction Services (WDS) model while the Board conducts a search for a permanent CEO.

Mr. Jones joined the Board in June 2025, previously served as President and CEO of Covanta, and agreed to a $1 base salary plus a stock option grant to align incentives. A business update and Q3 2025 results will be presented on a conference call on November 12, 2025 at 4:30 p.m. ET.

374Water (NASDAQ:SCWO) provided updates on its Waste Destruction Services (WDS) business and the deployment timeline of its AirSCWO technology. The company's WDS leverages AirSCWO supercritical water oxidation technology to eliminate hazardous and non-hazardous wastes, including PFAS, with potential annual revenue of $2M+ for AS1 units, $3M-$5M for AS6 units, and $12M-$20M for AS30 units.

The company is actively bidding on tens of millions of dollars in WDS contracts across various market segments. However, the delivery of its AS6 system to Orange County Sanitation District has been postponed from late September due to technology upgrades, supply chain delays, and pending California operating permits. The system is now expected to start up in late Q4 2025 or early Q1 2026.

374Water (NASDAQ: SCWO), a leader in organic waste destruction technology, has appointed Jim Siccardi as Senior Vice President of Investor Relations. Siccardi brings over 20 years of experience in investor relations and strategic growth, notably from his tenure at Energy Recovery where he helped quadruple the company's market value.

Siccardi's background includes positions at major financial institutions including Morgan Stanley, Credit Suisse, and HSBC Asset Management. CEO Chris Gannon highlighted Siccardi's unique perspective from his experience across sell-side, buy-side, and corporate roles, expressing confidence in his ability to strengthen investor relationships during this critical phase of 374Water's growth.