ClearSign completes $1.77M private placement with existing stockholder

ClearSign Technologies Corporation (NASDAQ: CLIR) completed a private placement of 500,000 shares of common stock with an existing stockholder, raising $1,770,000 in gross proceeds, according to a press release.

The shares were priced at $3.54 each, representing the average closing price on Nasdaq for the five trading days ending June 21, 2026. The placement closed on July 22, 2026.

ClearSign said it intends to use the net proceeds for working capital, research and development, marketing and sales, and general corporate purposes.

Chief Executive Officer Jim Deller, Ph.D., commented: "We very much appreciate, and are encouraged by, the continued support of this long time stockholder."

The securities have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States without registration or an applicable exemption from registration requirements.

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