secwatch.observer — SEC 8-K summary
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Issuer:     Clean Vision Corp (CLNV)
CIK:        0001391426
Form:       8-K
Filed at:   2023-07-10T23:59:59+00:00
Accession:  0001903596-23-000529
Event type: litigation
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clean Vision settles litigation with former executive Christopher Percy; issues shares and receives $150,000
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- Settlement agreement with Christopher Percy resolves lawsuit filed Sept 2022, no admission of fault.
- Percy pays $150,000 to Clean Vision; CEO Daniel Bates pays $25,000 to Percy.
- Company to issue 1.5M new shares, restore 3M cancelled shares, and lift stop-transfer on 4.2M shares.
- Percy agrees not to sell more than 10% of daily trading volume per day.
- Parties file stipulation to dismiss all claims with prejudice; mutual release.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1391426/000190359623000529/0001903596-23-000529-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1391426/000190359623000529/clnv_8k.htm
  HTML page:      https://secwatch.observer/filing/0001903596-23-000529

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