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Why ClearSign Technologies (CLIR) Stock Fell 20% After Hours Today

Benzinga·
Why ClearSign Technologies (CLIR) Stock Fell 20% After Hours Today

ClearSign Technologies (NASDAQ: CLIR) shares plummeted 20.18% in after-hours trading following the announcement of a proposed underwritten public offering of common stock. The Tulsa-based combustion and emissions reduction technology company plans to use proceeds for working capital, R&D, and general corporate purposes. The stock closed regular trading at $4.56 before falling to $3.64 after-hours.

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