# PowerVerde and 374Water sign binding LOI to merge

PowerVerde Inc. and 374Water Inc. have executed a binding Letter of Intent to merge. The combined company will offer a water and waste resource recovery system using Supercritical Water Oxidation and PowerVerde's wet steam cycle.

- Type: Acquisition
- Announced: 2020-09-30
- Where: United States
- Status: announced
- Products: water and waste resource recovery system, supercritical water oxidation system, heat recovery and expander system
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md), [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [PowerVerde Inc.](https://endata.com/companies/50253.md) (acquirer)
- [374Water Inc.](https://endata.com/companies/50254.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/powerverde-inc-and-374water-inc-sign-a-binding-letter-of-intent-to-merge-301141657.html), 2020-09-30: "The merger of our two companies will be a transformative event for PowerVerde shareholders, allowing us to expand beyond our heat-to-energy systems into a complete clean tech solution with worldwide sales potential."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.