374Water Falls After Reverse-Stock-Split Plans, Agreement With Former CEO

Dow Jones12-16

By Katherine Hamilton

Shares of 374Water shares slid after the company announced a reverse stock split and shared details of its settlement with its former chief executive.

The stock fell 23%, to 21 cents, on Monday afternoon. Shares have lost 68% of their value this year.

The company, which develops technology that can destroy forever chemicals, said Monday it would effect a 1-for-10 reverse stock split.

It also said it had entered into an agreement with Yaacov Nagar, who stepped down as chief executive in September 2023. Nagar sued over an employment-related claim, and the company in April reached an amicable settlement with him.

As part of the agreement, Deanna Estes will resign as a board member.

Additionally, Nagar and 374Water will agree on three candidates to appoint to the board. Once those candidates are identified, Buddie Joe Penn and James Vanderhider have agreed to resign as board members.

Nagar has agreed to abide by certain voting commitments as part of the deal. He or his representatives will appear in person at the upcoming special meeting of stockholders and vote in accordance with the board's recommendations.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

December 15, 2025 15:58 ET (20:58 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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