Core Insights - 374Water Inc. is processing its first phase of Waste Destruction Services (WDS) to destroy Aqueous Film-Forming Foam (AFFF) using AirSCWO technology, with representatives from North Carolina observing the process [1][4] - The contract includes a significant initiative to destroy 60,000 gallons of AFFF as part of North Carolina's efforts to manage per- and polyfluoroalkyl substances (PFAS) [2][4] - The first phase will treat 1,000 gallons of AFFF, with the potential for a second phase to treat an additional 28,000 gallons [3] Company Overview - 374Water Inc. is a global leader in organic waste destruction technology, focusing on industrial, municipal, and federal markets [5] - The company's AirSCWO technology efficiently destroys and mineralizes a wide range of organic wastes, producing safe dischargeable water, mineral effluent, vent gas, and recoverable heat energy [5] - 374Water aims to assist customers in meeting discharge requirements, reducing disposal costs, and mitigating risks associated with waste management [5]

Core Viewpoint - 374Water Inc. is taking steps to align shareholder interests through new executive leadership, open market stock purchases, and a proposed reverse stock split to support long-term shareholder value and maintain its Nasdaq listing [1][2][3] Financial Position - The company has fortified its balance sheet with approximately $7.0 million in gross proceeds from an at-the-market facility, extending its cash runway into the second quarter of 2026 [1][3] Shareholder Meeting - A Special Meeting of Stockholders is scheduled for December 15, 2025, to seek approval for a reverse stock split at a ratio between 1 for 8 and 1 for 20, which aims to maintain market capitalization while reducing the number of shares outstanding [1][2] Leadership and Governance - New leadership, including the Interim President and CEO Stephen J. Jones, aims to improve communication with shareholders and align interests through a Minimum Equity Ownership Policy for the Board of Directors [2][3] Operational Developments - The company is making significant progress in developing its AirSCWO technology and Waste Destruction Services, which are designed to eliminate hazardous and non-hazardous wastes [4][6]