Clean Vision Corp. Signs Material Definitive Agreement
Ticker: CLNV · Form: 8-K · Filed: Aug 30, 2024 · CIK: 1391426
| Field | Detail |
|---|---|
| Company | Clean Vision Corp (CLNV) |
| Form Type | 8-K |
| Filed Date | Aug 30, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $100,000, $0.0145 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, corporate-event
TL;DR
Clean Vision Corp. signed a big deal on 8/23, terms TBD.
AI Summary
Clean Vision Corp. entered into a Material Definitive Agreement on August 23, 2024. The filing does not disclose the specific terms or parties involved in this agreement, but it is classified as a significant event requiring immediate disclosure.
Why It Matters
This filing indicates a significant new business development for Clean Vision Corp., potentially impacting its future operations and financial performance.
Risk Assessment
Risk Level: medium — The lack of specific details about the material definitive agreement introduces uncertainty regarding its nature and potential impact.
Key Players & Entities
- Clean Vision Corp. (company) — Registrant
- August 23, 2024 (date) — Date of earliest event reported
- Nevada (jurisdiction) — State of Incorporation
- 2711 N. Sepulveda Blvd . Suite 1051 (address) — Principal Executive Offices
- Manhattan Beach, CA 90266 (address) — Principal Executive Offices
FAQ
What is the nature of the Material Definitive Agreement entered into by Clean Vision Corp.?
The filing does not specify the nature of the Material Definitive Agreement, only that one was entered into on August 23, 2024.
Who are the parties involved in the Material Definitive Agreement?
The filing does not disclose the names of the other parties to the Material Definitive Agreement.
What is the effective date of the Material Definitive Agreement?
The earliest event reported, which includes the entry into the Material Definitive Agreement, is dated August 23, 2024.
What is the principal business of Clean Vision Corp.?
Clean Vision Corp. is classified under the Standard Industrial Classification code 2860 for Industrial Organic Chemicals.
Where is Clean Vision Corp. headquartered?
Clean Vision Corp.'s principal executive offices are located at 2711 N. Sepulveda Blvd. Suite 1051, Manhattan Beach, CA 90266.
Filing Stats: 766 words · 3 min read · ~3 pages · Grade level 11.5 · Accepted 2024-08-29 18:57:39
Key Financial Figures
- $0.001 — f the Company's common stock, par value $0.001 per share (the "Common Stock"), for an
- $100,000 — or an aggregate purchase price equal to $100,000 or $0.0145 per share (the "Subscription
- $0.0145 — ate purchase price equal to $100,000 or $0.0145 per share (the "Subscription Amount").
Filing Documents
- clnv_8k.htm (8-K) — 34KB
- ex10_1.htm (EX-10.1) — 201KB
- 0001903596-24-000566.txt ( ) — 448KB
- clnv-20240823.xsd (EX-101.SCH) — 3KB
- clnv-20240823_lab.xml (EX-101.LAB) — 33KB
- clnv-20240823_pre.xml (EX-101.PRE) — 22KB
- clnv_8k_htm.xml (XML) — 3KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement. On August 23, 2024 (the "SPA Closing Date"), Clean Vision Corporation (the "Company") closed on the transactions contemplated by that certain Securities Purchase Agreement (the "SPA") with an accredited investor (the "Investor"), whereby the Company agreed to sell to Investor, and Investor agreed to purchase from the Company, 6,896,55 shares (the "Subscription Shares") of the Company's common stock, par value $0.001 per share (the "Common Stock"), for an aggregate purchase price equal to $100,000 or $0.0145 per share (the "Subscription Amount"). In connection with the SPA, the Company agreed to register the Subscription Shares for resale pursuant to a registration statement to be filed with the U.S. Securities and Exchange Commission (the "SEC"). Pursuant to the terms of the SPA, at any time beginning on the six (6) month anniversary of the SPA Closing Date and ending at such time that the Subscription Shares may be sold without the requirement for the Company to be in compliance with Rule 144, if the Company (i) shall fail for any reason to satisfy the current public information requirement under Rule 144(c) or (ii) has ever been an issuer described in Rule 144(i)(1)(i) or becomes an issuer in the future, and the Company shall fail to satisfy any condition set forth in Rule 144(i)(2) (a "Public Information Failure") then, in addition to other available remedies, the Company shall pay to the Investor an amount in cash equal to two percent (2.0%) of the aggregate Subscription Amount on the day of a Public Information Failure and on every thirtieth (30th) day (pro-rated for periods totaling less than thirty days) thereafter until the date such Public Information Failure is cured. In the event the Company fails to make such payment in the manner provided for in the SPA, such payment to be made to the Investor will bear interest at the rate of 1.5% per month (prorated for partial months) until paid in full. The
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits . Exhibit No. Description 10.1 * Form of Securities Purchase Agreement * Certain annexes, schedules and exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company agrees to furnish supplementally a copy of such annexes, schedules and exhibits, or any section thereof, to the SEC upon request.
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: August 29, 2024 By: /s/ Daniel Bates Name: Daniel Bates Title: Chief Executive Officer