secwatch.observer — SEC 8-K summary
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Issuer:     Clean Vision Corp (CLNV)
CIK:        0001391426
Form:       8-K
Filed at:   2023-12-12T23:59:59+00:00
Accession:  0001903596-23-000941
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clean Vision Corp issues $660K 12% convertible notes with heavy dilution potential
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- Two $330K convertible notes sold at $300K each (12% original issue discount) to accredited investor.
- Conversion price fixed at $0.025/share, with step-downs to $0.0145 or lowest trade if stock stays low.
- Issued 800K commitment shares for first note; plus 7.5M returnable shares per note (subject to price recalculation).
- Notes mature July 26, 2024; four $75K principal installments starting 180 days after issuance.
- If Company raises >$2M in future financing, Purchaser can force prepayment from those proceeds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1391426/000190359623000941/0001903596-23-000941-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1391426/000190359623000941/clnv_8k.htm
  HTML page:      https://secwatch.observer/filing/0001903596-23-000941

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