374Water Inc. Faces Listing Rule Concerns

Ticker: SCWO · Form: 8-K · Filed: Jan 22, 2025 · CIK: 933972

374water Inc. 8-K Filing Summary
FieldDetail
Company374water Inc. (SCWO)
Form Type8-K
Filed DateJan 22, 2025
Risk Levelhigh
Pages3
Reading Time3 min
Key Dollar Amounts$0.001, $1.00
Sentimentbearish

Sentiment: bearish

Topics: delisting, listing-rules, regulatory

TL;DR

374Water might get delisted, check their listing status.

AI Summary

374Water Inc. filed an 8-K on January 22, 2025, reporting events as of January 15, 2025. The filing indicates a potential delisting or failure to meet continued listing rules, along with other events and financial statements/exhibits. The company was formerly known as POWERVERDE, INC. and VYREX CORP.

Why It Matters

This filing suggests 374Water Inc. may be at risk of being delisted from its stock exchange, which could significantly impact its stock liquidity and investor confidence.

Risk Assessment

Risk Level: high — The filing explicitly mentions 'Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard,' indicating a significant risk to the company's public trading status.

Key Players & Entities

  • 374Water Inc. (company) — Registrant
  • POWERVERDE, INC. (company) — Former Company Name
  • VYREX CORP (company) — Former Company Name
  • January 15, 2025 (date) — Date of earliest event reported
  • January 22, 2025 (date) — Filing Date

FAQ

What specific listing rule has 374Water Inc. failed to satisfy?

The filing does not specify which particular listing rule was violated, only that a notice of failure to satisfy a continued listing rule or standard has been issued.

What are the implications of this notice for 374Water Inc.'s stock?

A failure to satisfy listing rules can lead to delisting, which would make the stock harder to trade and could negatively impact its value.

When was the earliest event reported in this 8-K filing?

The earliest event reported was on January 15, 2025.

Has 374Water Inc. always been known by this name?

No, the company was formerly known as POWERVERDE, INC. and VYREX CORP.

What other items are included in this 8-K filing besides the delisting notice?

The filing also includes 'Other Events' and 'Financial Statements and Exhibits'.

Filing Stats: 833 words · 3 min read · ~3 pages · Grade level 11.4 · Accepted 2025-01-22 17:01:20

Key Financial Figures

  • $0.001 — ch registered Common Stock, par value $0.001 SCWO The Nasdaq Capital Market LLC
  • $1.00 — common stock has been below the minimum $1.00 per share required for continued listin

Filing Documents

01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On January 15, 2025, 374Water Inc. (the "Company") received a deficiency letter from the Nasdaq Listing Qualifications Department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that, for the last 30 consecutive business days, the closing bid price for the Company's common stock has been below the minimum $1.00 per share required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (the "Minimum Bid Price Requirement"). The Nasdaq deficiency letter has no immediate effect on the listing of the Company's common stock, and its common stock will continue to trade on The Nasdaq Capital Market under the symbol "SCWO" at this time. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been given 180 calendar days, or until July 14, 2025, to regain compliance with the Minimum Bid Price Requirement. If at any time before July 14, 2025, the bid price of the Company's common stock closes at $1.00 per share or more for a minimum of 10 consecutive business days, the Staff will provide written confirmation that the Company has achieved compliance. If the Company does not regain compliance with the Minimum Bid Price Requirement by July 14, 2025, the Company may be afforded a second 180 calendar day period to regain compliance. To qualify, the Company would be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, except for the Minimum Bid Price Requirement. In addition, the Company would be required to notify Nasdaq of its intent to cure the deficiency during the second compliance period, by effecting a reverse stock split if necessary. If the Company does not regain compliance with the Minimum Bid Price Requirement by the end of the compliance period (or the second complia

01 Other Events

Item 8.01 Other Events On January 22, 2025, the Company began utilizing a new investor presentation, a copy of which is attached to this Current Report on Form 8-K as Exhibit 99.1.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 374Water Inc. Investor Presentation, dated January 22, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: January 22, 2025 /s/ Chris Gannon Chris Gannon Chief Executive Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR

View on ReadTheFiling | About | Contact | Privacy | Terms

Data from SEC EDGAR. Not affiliated with the SEC. Not investment advice. © 2026 OpenDataHQ.