ACRG acquires 100% of SWIS in exchange for 1.5M restricted shares

American Clean Resources Group, Inc.

Acquisition of SWIS, a developer of smart sewer overflow notification technology.
Consideration: 1,500,000 shares of restricted common stock for 100% interest.
SWIS's patented algorithm aims to reduce combined sewer overflows and water pollution.
Pilot project planned with University of Louisville to test behavior modification.
No financial terms or revenue details disclosed; deal closed September 13, 2023.

item 1.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

American Clean Resources Group, Inc. entered into a asset purchase with SWIS, L.L.C. (effective 2023-09-13).

Action: entry
Agreement: asset purchase
Counterparty: SWIS, L.L.C.
Effective: 2023-09-13

Exact text from the filing

On September 13, 2023, American Clean Resources Group, Inc. (the “Company”) executed an agreement to acquire a 100% interest in SWIS, L.L.C. (“SWIS”).

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American Clean Resources Group, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-076636

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