secwatch.observer — SEC 8-K summary
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Issuer:     CleanCore Solutions, Inc. (ZONE)
CIK:        0001956741
Form:       8-K
Filed at:   2024-12-31T23:59:59+00:00
Accession:  0001213900-24-113646
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CleanCore restructures $633K promissory note; issues new notes to CEO and CRO
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1956741/000121390024113646/0001213900-24-113646-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1956741/000121390024113646/ea0226323-8k_cleancore.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-113646

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