secwatch.observer — SEC 8-K summary
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Issuer:     Clean Vision Corp (CLNV)
CIK:        0001391426
Form:       8-K
Filed at:   2023-05-01T23:59:59+00:00
Accession:  0001903596-23-000360
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clean Vision completes acquisition of 51% stake in Morocco-based Ecosynergie for $6.5M
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- Total purchase price $6.5M; $2M paid at closing, $4.5M due over 10 months from signing.
- Clean-Seas subsidiary now owns 51% of Ecosynergie, renamed Clean-Seas Morocco.
- Clean-Seas committed to invest up to $50M in Clean-Seas Morocco over 10 months.
- Current capacity 20 TPD; expanding to 120 TPD by Sep 2023 with two 50-TPD units, target 500 TPD in 2-3 years.
- First 10-TPD unit generated ~$25K revenue in Jan–Feb 2023; production expected to double in May.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1391426/000190359623000360/0001903596-23-000360-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1391426/000190359623000360/clnv_8k.htm
  HTML page:      https://secwatch.observer/filing/0001903596-23-000360

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