On June 26, 2024, ClearSign Technologies Corporation closed the transaction. The company issued 1,675,000 common units at issue price $1.85 for gross proceeds $3,098,750 and 671,500 prefunded units at issue price $1.8498 for gross proceeds $1,242,140.7, for total gross proceeds $4,340,890.7. The investor has subscribed for 3,350,000 shares of Common Stock, Pre-Funded Warrants to purchase up to 1,343,000 shares of common stock and Private Warrants to purchase up to 7,039,500 shares of Common Stock for aggregate gross proceeds of approximately $4,300,000.