374Water Inc.

374Water Inc. reported its first quarter 2026 financial results, showing a significant expansion in gross margins to 63% from 25% year-over-year, with revenue slightly increasing to $551,155. Despite an increased net loss of $(4.57) million, the company improved its operating cash efficiency by 28%. The company also highlighted strong operational momentum, including a new 5-year agreement with the City of Orlando, a $2.2 million milestone payment for the City of Olathe contract, and the deployment of its mobile AirSCWO system to St. Cloud, MN.

374Water reported a net loss of $(4,571,623) for the first quarter of 2026, an increase from $(3,698,414) in the prior year, despite a slight revenue increase to $551,155. The company's cash and cash equivalents significantly decreased to $447,453, and management raised substantial doubt about its ability to continue as a going concern. Key developments include securing a $4.88 million purchase order for an AirSCWO 6 unit and issuing $800,000 in convertible notes.

374Water Inc. entered into an employment agreement with its President and CEO, Daniel Bogar, effective April 27, 2026. The agreement provides an annual base salary of $225,000 and eligibility for an annual performance bonus up to 100% of his base salary. Mr. Bogar will also receive equity grants, including options and restricted stock units, each covering 175,000 shares, with a specified vesting schedule. The agreement also outlines severance benefits in case of termination without cause or for good reason.

374Water Inc. filed an amendment to its Form 10-K to include previously omitted Part III information, covering Directors, Executive Officers, Corporate Governance, Executive Compensation, Security Ownership, Related Transactions, and Principal Accountant Fees. The amendment also includes new certifications by the principal executive and financial officers. Key management changes include Daniel Bogar's appointment as CEO and Adrienne Anderson as Interim CFO in early 2026, with detailed compensation and shareholding data for executives and directors.

374Water Inc. announced that it has started using a new investor presentation as of April 16, 2026. Concurrently, the company issued a press release to inform the public about this new presentation. Both the investor presentation and the related press release are included as exhibits to the current report.

374Water Inc. announced the appointment of Richard H. Davis to its Board of Directors, effective April 10, 2026. Mr. Davis, 69, brings over two decades of experience in investment banking, specializing in equity finance structuring and private acquisitions. He previously served on the company's board from 2008 to 2025 and was CEO of its predecessor, PowerVerde Inc.