Clean Vision Corp. Files 8-K: Material Definitive Agreement
Ticker: CLNV · Form: 8-K · Filed: Oct 29, 2024 · CIK: 1391426
| Field | Detail |
|---|---|
| Company | Clean Vision Corp (CLNV) |
| Form Type | 8-K |
| Filed Date | Oct 29, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $82,500, $7,500, $150,000, $500,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, corporate-filing
TL;DR
Clean Vision Corp. signed a big deal on Oct 2nd, details in new 8-K.
AI Summary
On October 2, 2024, Clean Vision Corp. entered into a Material Definitive Agreement, the specifics of which are detailed within the filing. The company, incorporated in Nevada, operates within the Industrial Organic Chemicals sector and is headquartered in Manhattan Beach, California.
Why It Matters
This filing indicates a significant new agreement for Clean Vision Corp., which could impact its future operations and financial performance.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new risks or opportunities that are not yet fully understood.
Key Numbers
- 024-11501 — State of Incorporation File Number (Nevada incorporation details)
- 85-1449444 — IRS Employer Identification No. (Company tax identification)
Key Players & Entities
- Clean Vision Corp. (company) — Registrant
- October 2, 2024 (date) — 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 is the nature of the Material Definitive Agreement entered into by Clean Vision Corp. on October 2, 2024?
The filing states that an 'Entry into a Material Definitive Agreement' is an item of information, but the specific details of the agreement are not provided in the excerpt.
When was Clean Vision Corp. incorporated and in which state?
Clean Vision Corp. was incorporated in Nevada, as indicated by the 'State or Other Jurisdiction of Incorporation' field.
What is the principal executive office address for Clean Vision Corp.?
The principal executive offices are located at 2711 N. Sepulveda Blvd., Suite 1051, Manhattan Beach, CA 90266.
Has Clean Vision Corp. operated under any former names?
Yes, the company was formerly known as Byzen Digital, Inc. and prior to that, CHINA VITUP HEALTH CARE HOLDINGS, INC.
What is the SIC code and industry classification for Clean Vision Corp.?
The Standard Industrial Classification code is 2860, and the industry is 'INDUSTRIAL ORGANIC CHEMICALS'.
Filing Stats: 643 words · 3 min read · ~2 pages · Grade level 10.5 · Accepted 2024-10-29 17:02:10
Key Financial Figures
- $0.001 — f the Company's common stock, par value $0.001 per share. The terms and provisions of
- $82,500 — iginal principal amount of each Note is $82,500 with an original issue discount of $7,5
- $7,500 — ,500 with an original issue discount of $7,500, resulting in gross aggregate proceeds
- $150,000 — mpany under both Notes in the amount of $150,000. The Notes mature on December 2, 2024 a
- $500,000 — raises or accesses capital of at least $500,000 while each such Note is outstanding. T
Filing Documents
- clnv_8k.htm (8-K) — 33KB
- ex4_1.htm (EX-4.1) — 4KB
- ex4_2.htm (EX-4.2) — 4KB
- ex4_1-001.jpg (GRAPHIC) — 333KB
- ex4_1-002.jpg (GRAPHIC) — 296KB
- ex4_1-003.jpg (GRAPHIC) — 338KB
- ex4_1-004.jpg (GRAPHIC) — 192KB
- ex4_1-005.jpg (GRAPHIC) — 100KB
- ex4_2-001.jpg (GRAPHIC) — 349KB
- ex4_2-002.jpg (GRAPHIC) — 372KB
- ex4_2-003.jpg (GRAPHIC) — 365KB
- ex4_2-004.jpg (GRAPHIC) — 306KB
- ex4_2-005.jpg (GRAPHIC) — 79KB
- 0001903596-24-000627.txt ( ) — 3968KB
- clnv-20241002.xsd (EX-101.SCH) — 3KB
- clnv-20241002_lab.xml (EX-101.LAB) — 33KB
- clnv-20241002_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 "Closing Date"), Clean Vision Corporation (the "Company") issued two separate promissory notes (such first note, the "ClearThink Note," such second note, the "GS Note" and, collectively, the "Notes") to two accredited investors (each, an "Investor" and together the "Investors"). Pursuant to the terms of the Notes, the Company issued each investor 2,000,000 shares of the Company's common stock, par value $0.001 per share. The terms and provisions of the ClearThink Note and GS Note are substantially the same. The original principal amount of each Note is $82,500 with an original issue discount of $7,500, resulting in gross aggregate proceeds to the Company under both Notes in the amount of $150,000. The Notes mature on December 2, 2024 and carry interest at a rate per annum equal to 10 percent, simple, and computed on the basis of a 365-day year. The Notes contain standard events of default and are required to be fully satisfied in the event the Company raises or accesses capital of at least $500,000 while each such Note is outstanding. The foregoing description of the terms and provisions of the Notes does not purport to be complete and is qualified in its entirety by reference to the full text of the ClearThink Note and GS Note attached to this Current Report on Form 8-K as Exhibit 4.1 and Exhibit 4.2, respectively.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits . Exhibit No. Description 4.1 * ClearThink Note issued October 2, 2024 4.2 * GS Note issued October 2, 2024 * 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: October 29, 2024 By: /s/ Daniel Bates Name: Daniel Bates Title: Chief Executive Officer