374Water Inc. 8-K

What Happened

• 374Water Inc. announced on its Form 8-K (filed April 15, 2026) that Richard H. Davis, age 69, was appointed to the Company’s Board of Directors effective April 10, 2026. Mr. Davis previously served on the Board from February 2008 to June 10, 2025 and was CEO of PowerVerde Inc. (the Company’s predecessor) from August 2011 to April 2021. He has a B.S. in economics from Florida State University (1982) and more than two decades of experience in investment banking and capital raising.

Key Details

• Appointment effective: April 10, 2026; 8-K filed April 15, 2026.
• Prior Board service: February 2008 – June 10, 2025; prior CEO of PowerVerde Aug 2011 – Apr 2021.
• Compensation/agreements: Will serve as a non-employee director with standard non-employee director compensation; Company expects to enter its usual indemnification agreement.
• Financing involvement: Mr. Davis has been coordinating potential financing opportunities with management and may personally invest; any successful financing is expected (if there is one) to aggregate in excess of $120,000. No other related-party transactions were reported.

Why It Matters

• For investors, the appointment adds a director with deep experience in investment banking and prior leadership in the company’s predecessor, which could help with capital-raising and corporate finance efforts. The filing notes Mr. Davis may participate personally in potential financings, a fact investors should watch because it could affect future funding terms or dilution. Committee assignments were not yet determined and there is no disclosure of other related-party transactions beyond the described financing coordination.