Clearsign (CLIR) Rights Offering Update
Investors must elect to exercise their rights in Clearsign Combustion (CLIR) by the end of this week (details here). Many brokerages are requesting notification before Friday. Be sure to check with yours if you haven’t done so already.
Remember, the units being offered include 1 share and 1 warrant, both of which will be free trading.
Based on a stock price of $3.50, the warrant is worth about $1.20, so the deal is attractive (paying $4 for $4.70 in value).
Accordingly, I plan to fully exercise my rights and will be in touch later this week with more research underpinning my decision.