debt
confidence high
sentiment neutral
materiality 0.45
CleanCore restructures $415k insider promissory notes; CEO sells $125k to President, due June 2025
CleanCore Solutions, Inc.
- CEO Clayton Adams sold $125k of his OID note to President Travis Buchanan for $100k cash.
- Company issued two new 20% OID notes: $290,241 to Adams and $125,000 to Buchanan, maturing June 30, 2025.
- New notes bear 8% interest (15% on default), unsecured, prepayable without penalty.
- Total principal unchanged at $415,241; proceeds used to pay off $232k Walker Water obligation.