Clean Vision Corporation raises $2.5M via convertible note and warrant

Clean Vision Corp

Senior convertible promissory note of $2,500,000 with 5% interest, 2% OID, maturing Feb 21, 2024.
Warrant to purchase 29,434,850 shares of common stock at $0.845 per share, expiring in 5 years.
Company may redeem all outstanding conversion amount at 120% of conversion amount or based on stock price.
Registration Rights Agreement filed to register resale of the securities with the SEC.
Transaction closed on February 21, 2023 with an accredited investor.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Clean Vision Corp entered into Securities Purchase Agreement with an accredited investor valued at $2,500,000 original principal amount of senior convertible promissory note and warrant to purchase 2 (effective 2023-02-17).

Action: entry
Agreement: equity purchase
Counterparty: an accredited investor
Value: $2,500,000 original principal amount of senior convertible promissory note and warrant to purchase 2
Effective: 2023-02-17

Exact text from the filing

On February 17, 2023, Clean Vision Corporation (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with an accredited investor (the “Investor”), pursuant to which the Investor purchased a senior convertible promissory note (the “Note”) in the original principal amount of $2,500,000 and a warrant to purchase 29,434,850 shares of the Company’s common stock (the “Warrant”).

View on SEC.gov

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Clean Vision Corp filing history →

Source: SEC EDGAR

accession 0001903596-23-000166

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