secwatch.observer — SEC 8-K summary
======================================

Issuer:     CleanCore Solutions, Inc. (ZONE)
CIK:        0001956741
Form:       8-K
Filed at:   2026-10-14T21:27:42+00:00
Accession:  0001213900-26-109483
Event type: m_and_a
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 1.02, 2.01, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Zone Frontier completes sale of CleanCore legacy cleaning unit to director-controlled Sanzonate for $3.35M note
--------------------------------------------------------------------------------

- Sold legacy aqueous ozone cleaning business, incl. Irish unit CleanCore Global Ltd and 100% of its €1 shares, to Sanzonate Holdings LLC, controlled by director/former CEO Clayton Adams.
- Consideration: $3.35M secured 6% promissory note payable $300K at 6mo, $850K at 12mo, $2.2M at 18mo; first-priority IP lien; subordinated to Sanzonate institutional debt.
- Up to $2.25M earnouts at $10M/$17.5M/$25M pre-money financings; 5% Sanzonate membership interest (526,316 units) at closing plus potential 2% more, with tag-along rights.
- Newbridge fairness opinion valued the legacy business ex-cash at ~$1.72M; sale eliminates ~$3M/yr cash burn; unit lost ~$18M in FY26; ~$844K cash transferred to buyer.
- Zone retains AI/data-center assets: 79% Minnesota JV, 99% West Texas JV, Cerebras colocation agreement; agreed to 3-year non-compete and to drop CleanCore name.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1956741/000121390026109483/0001213900-26-109483-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1956741/000121390026109483/ea0308552-8k_zone.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-109483

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