debt
confidence high
sentiment neutral
materiality 0.60
CleanCore restructures $633K promissory note; issues new notes to CEO and CRO
CleanCore Solutions, Inc.
- Walker Water Note cancelled; half ($316,920) assigned to CRO Gary Hollst, half to third party Gary Rohwer.
- New Hollst Note of $316,920 due May 31, 2025, no interest (10% upon default).
- Rohwer Note of $332,633.95 due Dec 31, 2024, includes $15,713.95 accrued interest.
- CEO Clayton Adams receives $415,241.25 OID Note due June 30, 2025, 8% interest (15% upon default).
- All new notes are unsecured and permit prepayment without penalty.