374Water Inc. (SCWO) Form 424B5 — Aug 11, 2026
374Water Inc. filed a prospectus supplement establishing a new at-the-market program to sell up to $50,000,000 of common stock through Robert's & Ryan, replacing its December 2025 ATM with Lake Street, which itself had replaced a June 2025 Lake Street agreement. Sales under the new ATM are effectively capped by baby-shelf rules: with a public float of roughly $27,000,000, the company can sell no more than about $9,000,000 in any 12-month period, and only about 1,142,000 shares currently remain available under its Form S-3.
Key figures
- Gross Proceeds
- 50000000
- Offering Price
- 2.45
- Shares Offered
- 20408163
- Shares Outstanding
- 17718161
- Public Float
- ~$27,000,000 (11,018,601 non-affiliate shares at $2.45)
- Agent Commission
- 3.0% of gross proceeds
- Rsus Outstanding
- 513370
- Dilution Per Share
- 1.12
- Options Outstanding
- 1668633
- Total Shelf Capacity
- $100,000,000
- Warrants Outstanding
- 1864191
- Warrant Exercise Price
- 3.3
- Baby Shelf12 Month Limit
- ~$9,000,000 (one-third of public float)
- Estimated Offering Expenses
- 50000
- As Adjusted Net Tangible Book Value
- $50.5 million ($1.33 per share)
- Historical Net Tangible Book Value
- $2.1 million ($0.12 per share) as of June 30, 2026
- Option Weighted Avg Exercise Price
- 5.61
- Shares Remaining Available Under S3
- ~1,142,000 shares
- Max Shares Outstanding After Offering
- 38126324
Price after filing
Close on the filing date to close N calendar days later (from $2.32). Historical, not a forecast.
AI analysis
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