Tier 2 offering enables investment by unaccredited investors up to 10% of their income or net worth.
LOS ANGELES, CA – Jan. 30, 2020 – OriginClear Inc. (OTC: OCLN), a pioneer in decentralized water treatment and management, today announces it has filed an Offering Statement on Form 1-A with the Securities and Exchange Commission (“SEC”) to offer, up to approximately $19.1 million of preferred stock (the “Preferred Stock”) at a price of $25.00 per share, to qualified investors in a Reg A public offering.
The Preferred Stock will pay an annual dividend of 10%, with payments made monthly. The Company intends to file an application with FINRA to be able to quote the Preferred Stock on the OTC market.
The Preferred Stock may not be sold, nor may offers to buy be accepted, before the Form 1-A offering statement is qualified and approved by the SEC. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy nor may there be any sales of these securities in any state in which such offer, solicitation or sale would be unlawful before registration or qualification under the laws of any such state.
Please see the preliminary offering circular at: https://www.sec.gov/Archives/edgar/data/1419793/000121390020001471/f1a2020_originclearinc.htm
Tier 2 Offering
The Company intends to pursue a Tier 2 offering, enabling investment by unaccredited investors so long as the investment is limited to no more than 10% of the greater of annual income or net worth. https://www.sec.gov/rules/final/2015/33-9741.pdf
OriginClear is a pioneer in the decentralization trend in water treatment. Increasingly, industrial, agricultural and commercial water users are cleaning and recycling their own water, moving away from centralized water services.
Modular Water Systems
To serve this need, OriginClear designs and prefabricates an entire line of plug-n-play containerized units called Modular Water Systems™ that can rapidly deploy water purification, recycling and wastewater management on user premises.
The Company has also developed a suite of proprietary technologies, known as Electro Water Separation™ (EWS) and Advanced Oxidation (AOx™). Through international licensing and partnerships, OriginClear’s advanced technologies are being adopted to treat tough water problems in East and South Asia, Europe and the Middle East, and North America.
OriginClear Safe Harbor Statement:
Matters discussed in this presentation contain forward-looking statements. When used in this update, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with our history of losses and our need to raise additional financing, the acceptance of our products and technology in the marketplace, our ability to demonstrate the commercial viability of our products and technology and our need to increase the size of our organization. Further information on the Company's risk factors is contained in the Company's quarterly and annual reports as filed with the Securities and Exchange Commission. The Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason except as may be required under applicable law.