Streetbeat News

OCLN

OriginClear Inc

https://www.originclear.com/

CEO

T. Riggs Eckelberry

Employees

Industry

Facilities Support Services

Open

0.01

Mkt cap

8.4M

Volume

100K

High

0.01

P/E Ratio

-0.53

52-wk high

0.02

Low

0.01

Div yield

N/A

52-wk low

0.00

OriginClear, Inc. (OCLN) and Fortune Rise Acquisition Corporation (FRLA) announced the filing of a Form S-4 registration statement for a proposed business combination with OCLN's subsidiary Water On Demand (WODI). The transaction, valued at approximately $72 million, aims to list the combined company under the ticker symbol 'WODI' on Nasdaq in the second half of 2024, subject to approvals. The deal is expected to enhance OriginClear's water-as-a-service network and accelerate growth through acquisitions.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:41 pm

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