secwatch.observer — SEC 8-K summary
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Issuer:     Astra Energy, Inc. (—)
CIK:        0001231339
Form:       8-K/A
Filed at:   2024-04-03T23:59:59+00:00
Accession:  0001477932-24-001804
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Astra Energy enters joint venture with Powertron for Holcomb power generator sales in waste-to-energy market
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- Astra subsidiary and Powertron Global to jointly sell Holcomb Energy Systems in-line power generators for waste-to-energy projects.
- Revenue split: Powertron 55%, Astra 45% of gross revenue from power savings; Holcomb gets 5% royalty.
- License fee $50K per MW per project, capped at $1M; Powertron makes $100K good faith payment to Holcomb.
- Powertron arranges financing for equipment owned by Astra; equipment may be secured until financing repaid.
- Separate from March 8 JV where Astra assigned Regreen patents for $5M (cash, note, 40% equity in Newco).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1231339/000147793224001804/0001477932-24-001804-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1231339/000147793224001804/asre_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-001804

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