Astra Energy enters joint venture with Powertron Global, receives $1M cash and $4M note for waste-to-energy patents

Astra Energy, Inc.

$500k non-refundable within 72 hours, additional $500k at closing in 60 days.
Powertron provides $4M promissory note at 7.5% with interest-only monthly payments, six-month term.
Newco formed; Astra contributes Regreen's waste-to-energy patents; receives 4M of 10M initial shares (40%).
Astra guaranteed no dilution below 19.9% equity for first 12 months after closing.

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

Astra Energy, Inc. entered into Joint Venture Agreement with Powertron Global LLC (effective 2024-03-08).

Action: entry
Agreement: collaboration
Counterparty: Powertron Global LLC
Effective: 2024-03-08

Exact text from the filing

On March 08, 2024, Astra Energy Inc. (the “ Company ”) entered into a Joint Venture Agreement (the " Agreement ") with Powertron Global LLC (" Powertron ").

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Source: SEC EDGAR

accession 0001477932-24-001120

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