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News | April 20, 2021
PowerVerde Inc. Completes Its Merger With 374Water, Inc. To Accelerate Delivery Of Cleantech To Eliminate PFAS And Recover Resources From Waste And Wastewater
Miami, FL /PRNewswire/ - PowerVerde Inc. OTCQB ( PWVI ), a Florida-based energy systems developer, and 374Water Inc. ( 374Water ), a North Carolina-based cleantech company, today announced the completion of the merger contemplated by their binding LOI executed Sept 20, 2020. The merger will accelerate the delivery of a waste and water resource recovery system that will enable municipal, industrial waste, and wastewater management organizations to address the growing risk of forever chemicals PFAS contamination, while also recovering precious natural resources.
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MIAMI, April 20, 2021 /PRNewswire/ PowerVerde Inc. OTCQB ( PWVI ), a Florida-based energy systems developer, and 374Water Inc. ( 374Water ), a North Carolina-based cleantech company, today announced the completion of the merger contemplated by their binding LOI executed Sept 20, 2020. The merger will accelerate the delivery of a waste and water resource recovery system that will enable municipal, industrial waste, and wastewater management organizations to address the growing risk of forever chemicals PFAS contamination, while also recovering precious natural resources.
Subject to the terms and conditions set forth in the merger agreement, PWVI is issuing new shares of PWVI stock to 374Water shareholders and closing its $6.4 million private placement of Series D convertible preferred stock such that 374Water shareholders will own approximately 49.1% of the combined company, PWVI shareholders will own approximately 34.4% and the preferred
PowerVerde Inc Completes its Merger with 374Water, Inc to Accelerate Delivery of CleanTech to Eliminate PFAS and Recover Resources from Waste and Wastewater prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.