secwatch.observer — SEC 8-K summary
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Issuer:     Cleartronic, Inc. (CLRI)
CIK:        0001362516
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001091818-24-000087
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cleartronic acquires Alastar's assets, clients, and employees from two nonprofits
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- Acquired IP, trademarks, software platform, and client base of Alastar; retained employee group.
- Agreement signed Aug 1, 2024 and closed Aug 5, 2024; purchase price not disclosed.
- Financial impact: increase in cash offset by deferred revenue; no other liabilities assumed.
- Sellers: Advanced Technology International and South Carolina Research Authority (both nonprofits).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1362516/000109181824000087/0001091818-24-000087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1362516/000109181824000087/clri0801248k.htm
  HTML page:      https://secwatch.observer/filing/0001091818-24-000087

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer