CLIR - ClearSign Technologies lower on proposed public offering of common stock

ClearSign Technologies (NASDAQ:CLIR) has lost 19.08% after-hours on Thursday after the company announced an underwritten public offering of shares. The company plan to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of common stock. Net proceeds will be used for working capital, research and development, marketing and sales, and general corporate purposes. There can be no assurance as to whether or when the offering may be completed, or the actual size or terms.

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ClearSign Technologies lower on proposed public offering of common stock