CleanCore Solutions Secures New Loan Agreement
Ticker: ZONE · Form: 8-K · Filed: Jun 6, 2024 · CIK: 1956741
Sentiment: neutral
Topics: debt, financing, material-definitive-agreement
TL;DR
CleanCore just signed a new loan, creating a financial obligation. Details in the filing.
AI Summary
On May 31, 2024, CleanCore Solutions, Inc. entered into a Material Definitive Agreement, specifically a loan agreement with an undisclosed lender. This agreement creates a direct financial obligation for the company. The filing also includes financial statements and exhibits related to this event.
Why It Matters
This new loan agreement represents a financial obligation for CleanCore Solutions, potentially impacting its liquidity and future financial strategy.
Risk Assessment
Risk Level: medium — The filing indicates a new material definitive agreement and a direct financial obligation, which introduces financial risk and requires further investigation into the terms of the loan.
Key Players & Entities
- CleanCore Solutions, Inc. (company) — Registrant
- May 31, 2024 (date) — Date of earliest event reported
- June 6, 2024 (date) — Date of Report
- 001-42033 (company) — SEC File Number
- 88-4042082 (company) — IRS Employer Identification No.
FAQ
What is the specific amount of the loan agreement?
The filing does not specify the exact dollar amount of the loan agreement.
Who is the lender in this material definitive agreement?
The identity of the lender is not disclosed in this filing.
What are the key terms and conditions of the loan?
The filing does not provide details on the key terms and conditions of the loan.
What is the purpose of this new financial obligation?
The purpose of the new financial obligation is not stated in the filing.
When does the loan agreement become effective?
The earliest event reported is May 31, 2024, indicating the agreement was entered into around this date.
Filing Stats: 1,078 words · 4 min read · ~4 pages · Grade level 12.3 · Accepted 2024-06-06 17:16:16
Key Financial Figures
- $0.0001 — tered Class B Common Stock, par value $0.0001 per share ZONE NYSE American LLC
- $3,000,000 — inal Note ") in the principal amount of $3,000,000 to Burlington Capital, LLC, a Delaware
- $633,840.00 — to which Burlington agreed to transfer $633,840.00 of the Original Note to WW. The Assignm
- $900,000 — hat the Company would make a payment of $900,000 to Burlington on May 31, 2024 to reduce
- $3,196,881 — nded Note has a new principal amount of $3,196,881, accrues interest at 8.5% per annum fro
- $100,000 — res quarterly payments in the amount of $100,000 over the course of the next two and a h
- $1,396,881 — d a half years, with a final payment of $1,396,881 due on April 1, 2027. The Amended Note
- $633,840 — y note to WW in the principal amount of $633,840 (the " New Note "). The New Note accrue
Filing Documents
- ea0207456-8k_cleancore.htm (8-K) — 32KB
- ea020745601ex10-2_cleancore.htm (EX-10.2) — 14KB
- ea020745601ex10-3_cleancore.htm (EX-10.3) — 14KB
- ea020745601ex10-4_cleancore.htm (EX-10.4) — 22KB
- ea020745601ex10-5_cleancore.htm (EX-10.5) — 16KB
- 0001213900-24-050420.txt ( ) — 290KB
- zone-20240531.xsd (EX-101.SCH) — 3KB
- zone-20240531_lab.xml (EX-101.LAB) — 33KB
- zone-20240531_pre.xml (EX-101.PRE) — 22KB
- ea0207456-8k_cleancore_htm.xml (XML) — 4KB
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. Date: June 6, 2024 CLEANCORE SOLUTIONS, INC. /s/ David Enholm Name: David Enholm Title: Chief Financial Officer 2