debt
confidence high
sentiment negative
materiality 0.70
Clean Vision Corporation issues $1.714M in convertible notes and warrants in private placement
Clean Vision Corp
- Sold $1,714,285.71 principal amount of senior convertible promissory notes and warrants to purchase 44,069,041 shares.
- Notes mature in 12 months, bear 5% interest, 30% original issue discount; net proceeds ~$1M.
- Warrant exercise price set at 120% of closing price on trading day before closing; expires 5 years.
- Company amended prior warrants and notes, adjusting exercise price to $0.0389 and increasing shares issuable.
- Registration rights agreement to be filed within 30 days after closing.