American Clean Resources Group Signs Material Agreement
Ticker: ACRG · Form: 8-K · Filed: Jun 5, 2024 · CIK: 773717
| Field | Detail |
|---|---|
| Company | American Clean Resources Group, INC. (ACRG) |
| Form Type | 8-K |
| Filed Date | Jun 5, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement
Related Tickers: ACRG
TL;DR
ACRG just signed a big deal, but we don't know what it is yet.
AI Summary
On June 3, 2024, American Clean Resources Group, Inc. entered into a Material Definitive Agreement. The filing does not disclose the specific nature or terms of this agreement, nor any involved parties or dollar amounts.
Why It Matters
This filing indicates a significant new development for American Clean Resources Group, Inc., though details are currently undisclosed.
Risk Assessment
Risk Level: medium — The lack of specific details in the filing regarding the material definitive agreement introduces uncertainty and potential risk.
Key Players & Entities
- American Clean Resources Group, Inc. (company) — Registrant
- June 3, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the Material Definitive Agreement entered into by American Clean Resources Group, Inc.?
The filing does not specify the nature of the Material Definitive Agreement.
Who are the parties involved in this Material Definitive Agreement?
The filing does not disclose the other parties involved in the agreement.
What is the effective date of this Material Definitive Agreement?
The earliest event reported is June 3, 2024, which is also the date of the report.
Are there any financial terms or dollar amounts associated with this agreement disclosed in the filing?
No financial terms or dollar amounts related to the agreement are disclosed in this filing.
Does the filing provide any context or background for why this agreement was entered into?
The filing does not provide any context or background for the agreement.
Filing Stats: 564 words · 2 min read · ~2 pages · Grade level 14.7 · Accepted 2024-06-05 16:32:39
Key Financial Figures
- $0.001 — ange on which registered Common Stock $0.001 par value ACRG OTC Indicate by ch
Filing Documents
- ea020741601-8k_americancl.htm (8-K) — 24KB
- 0001213900-24-050069.txt ( ) — 193KB
- acrg-20240603.xsd (EX-101.SCH) — 3KB
- acrg-20240603_lab.xml (EX-101.LAB) — 33KB
- acrg-20240603_pre.xml (EX-101.PRE) — 22KB
- ea020741601-8k_americancl_htm.xml (XML) — 4KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. Effective June 3, 2024, American Clean Resources Group, Inc. (the "Company") executed a Memorandum of Understanding for a Joint Venture with AMI Strategies, ("AMI"). The Parties intend to form a joint operation and utilize the technology and talent of both organizations for their mutual benefit which includes the Company's planned renewable energy generation, specifically solar power through the operation, engineering, infrastructure, and construction of controlled solar power and AMI's management of utility costs through a proprietary software platform that can bill, audit, invoice and manage the daily operations of suppliers and clients. About AMI: AMI Strategies serves clients on every continent, offering a global suite of solutions for Telecom, Mobility, Cloud, Utility, ServiceNow, and Managed Automation deployments – all powered by cutting-edge technology and automation. AMI's platform is designed to manage any vendor that's important to its customers – no matter what category it's in. By establishing inventory that includes integrated data from vendors and enterprise systems, auditing charges against correlating contracts, automating allocations and payments, and centralizing how services are purchased, changed or decommissioned, AMI ensures its clients never waste time on vendor-related busywork, and never pay more than they're supposed to. Definitive Documents: The Parties will work together to draft definitive documents including the formation of the joint venture and its governing documents. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: June 5, 2024 American Clean Resources Group, Inc. By: /s/ Tawana Bain Tawana Bain Chief Executive Officer