secwatch.observer — SEC 8-K summary
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Issuer:     American Clean Resources Group, Inc. (ACRG)
CIK:        0000773717
Form:       8-K
Filed at:   2023-06-13T23:59:59+00:00
Accession:  0001213900-23-048438
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

ACRG updates LOC to $52.5M, merger with SMS Group pending uplist
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- Granite Peak Resources (GPR) increased LOC to $52.5M via Third Amendment (June 12, 2023); Deed of Trust raised to $250M.
- Balance due under LOC as of March 31, 2023: $10,689,663; GPR holds 53.9% of common stock.
- GPR acquired defaulted TG Note ($774k) and Aged Note ($100k), rolled into LOC; also acquired Stephen Flechner judgment ($3.7M).
- ACRG still pursuing 80.1% acquisition of SMS Group, subject to audit, independent valuation, and uplist to NASDAQ/NYSE.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/773717/000121390023048438/0001213900-23-048438-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/773717/000121390023048438/ea180264-8k_american.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-048438

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