Benzinga | Aug 20, 2020 08:37AM EDT

ClearSign Technologies Corporation Prices 2.25M Share Underwritten Public Offering of Common Stock At $2/Share

SEATTLE, Aug. 20, 2020 /PRNewswire/ --ClearSign Technologies Corporation ("ClearSign" or "the Company") (NASDAQ:CLIR), an emerging leader in industrial combustion and sensing technologies that improve energy, operational efficiency and safety while dramatically reducing emissions, today announced the pricing of an underwritten public offering of 2,250,000 shares of its common stock at a price to the public of $2.00 per share, for gross proceeds of $4,500,000. The Company has also granted to the underwriters a 20-day option to purchase, at the same price per share as the underwriters paid for the initial shares, an additional 337,500 shares to cover over-allotments in connection with the offering, which if exercised in full would increase the gross proceeds to $5,175,000.