Clean Vision Corp. Files 8-K for Material Agreement

Ticker: CLNV · Form: 8-K · Filed: Mar 4, 2024 · CIK: 1391426

Clean Vision Corp 8-K Filing Summary
FieldDetail
CompanyClean Vision Corp (CLNV)
Form Type8-K
Filed DateMar 4, 2024
Risk Levellow
Pages3
Reading Time4 min
Key Dollar Amounts$580,000.00, $87,500.00, $0.001, $58,000, $91,142.86
Sentimentneutral

Sentiment: neutral

Topics: material-agreement, 8-K, corporate-filing

TL;DR

Clean Vision Corp. signed a material definitive agreement on Feb 22, 2024.

AI Summary

Clean Vision Corp. entered into a material definitive agreement on February 22, 2024, related to its financial statements and exhibits. The company, formerly known as Byzen Digital, Inc. and China Vitup Health Care Holdings, Inc., is incorporated in Nevada and headquartered in Manhattan Beach, California.

Why It Matters

This filing indicates a significant contractual development for Clean Vision Corp., potentially impacting its financial operations and future business strategies.

Risk Assessment

Risk Level: low — The filing is a standard 8-K reporting a material definitive agreement, without immediate negative financial implications disclosed.

Key Players & Entities

  • Clean Vision Corp. (company) — Registrant
  • February 22, 2024 (date) — Date of earliest event reported
  • Nevada (jurisdiction) — State of Incorporation
  • Manhattan Beach, CA (location) — Principal Executive Offices
  • Byzen Digital, Inc. (company) — Former Company Name
  • CHINA VITUP HEALTH CARE HOLDINGS, INC. (company) — Former Company Name

FAQ

What type of material definitive agreement did Clean Vision Corp. enter into?

The filing does not specify the exact nature of the material definitive agreement, only that it was entered into on February 22, 2024, and is related to financial statements and exhibits.

When was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing was on February 22, 2024.

What are Clean Vision Corp.'s former company names?

Clean Vision Corp. was formerly known as Byzen Digital, Inc. and China Vitup Health Care Holdings, Inc.

Where are Clean Vision Corp.'s principal executive offices located?

Clean Vision Corp.'s principal executive offices are located at 2711 N. Sepulveda Blvd., Suite 1051, Manhattan Beach, CA 90266.

In which U.S. state is Clean Vision Corp. incorporated?

Clean Vision Corp. is incorporated in Nevada.

Filing Stats: 950 words · 4 min read · ~3 pages · Grade level 11.5 · Accepted 2024-03-01 21:16:39

Key Financial Figures

  • $580,000.00 — ") in the aggregate principal amount of $580,000.00 (which includes $87,500.00 of Original
  • $87,500.00 — l amount of $580,000.00 (which includes $87,500.00 of Original Issue Discount) (the "Princ
  • $0.001 — onvertible into shares of common stock, $0.001 par value per share, of the Company (th
  • $58,000 — interest charge of ten percent (10%) or $58,000 (the "Interest Rate") shall be applied
  • $91,142.86 — ven (7) payments, each in the amount of $91,142.86 (a total payback to the Holder of $638,
  • $638,000.00 — 42.86 (a total payback to the Holder of $638,000.00). At any time following an Event of De

Filing Documents

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On February 15, 2024, Clean Vision Corporation (the "Company") entered into a Securities Purchase Agreement (the "Agreement") with an accredited investor (the "Holder"), whereby the Company issued and sold to the Holder (i) a promissory note (the "Note") in the aggregate principal amount of $580,000.00 (which includes $87,500.00 of Original Issue Discount) (the "Principal"), convertible into shares of common stock, $0.001 par value per share, of the Company (the "Common Stock"), upon default, upon the terms and subject to the limitations and conditions set forth in such Note, and (ii) 4,000,000 restricted shares of Common Stock (the "Commitment Shares"). Although the Agreement was dated and signed on February 15, 2024, it did not become effective until the conditions set forth in Section 6 and Section 7 of the Agreement were satisfied, which occurred on February 22, 2024 (the "Closing Date"). Pursuant to the terms of the Purchase Agreement, the Company and the Holder provided customary representations and warranties to each other. The maturity date of the Note is January 15, 2025 (the "Maturity Date") and a one-time interest charge of ten percent (10%) or $58,000 (the "Interest Rate") shall be applied to the Principal on the date of issuance. The Company has the right to prepay the Note in full at any time with no prepayment penalty. Accrued, unpaid Interest and outstanding Principal, subject to adjustment, shall be paid in seven (7) payments, each in the amount of $91,142.86 (a total payback to the Holder of $638,000.00). At any time following an Event of Default (as defined in the Note), the Holder has the right to convert all or any part of the outstanding and unpaid amount of the Note into fully paid and non-assessable shares of Common Stock, as such Common Stock exists on the date of issuance, or any shares of capital stock or other securities of the Company into which such Common Stock shall hereafter

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits . Exhibit No. Description 4.1 Promissory Note dated February 15, 2024 10.1 Securities Purchase Agreement by and between the Company and the Investor dated February 15, 2024

SIGNATURES

SIGNATURES 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. CLEAN VISION CORPORATION Date: March 1, 2024 By: /s/ Daniel Bates Name: Daniel Bates Title: Chief Executive Officer

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