Clean Vision enters $440K convertible note and up to $5M equity line with Clearthink Capital

Clean Vision Corp

Issued two 12% convertible notes totaling $440K principal ($200K purchase price each after $20K OID) due Nov 12, 2024.
Conversion price initially $0.025/share, with step-down resets if stock trades below $0.02 or $0.0145.
STRATA equity line allows company to sell up to $5M of Class A common at 85% of 2-lowest VWAP over prior 5 days.
3.1M commitment shares issued; 2.5M returnable if company does not file resale S-1 registration statement.
Investor capped at 9.99% beneficial ownership; no shares may exceed 19.99% of outstanding without shareholder approval.

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 $440,000 (effective 2024-02-12).

Action: entry
Agreement: equity purchase
Counterparty: an accredited investor
Value: $440,000
Effective: 2024-02-12

Exact text from the filing

On February 12, 2024 (the “SPA Closing Date”), Clean Vision Corporation (the “Company”) entered into a (i) Securities Purchase Agreement (the “SPA”) with an accredited investor (the “Investor”)

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.8

Clean Vision Corp entered into STRATA Purchase Agreement with the Investor (effective 2024-02-12).

Action: entry
Agreement: equity purchase
Counterparty: the Investor
Effective: 2024-02-12

Exact text from the filing

On February 12, 2024 (the “SPA Closing Date”), Clean Vision Corporation (the “Company”) entered into a (i) Securities Purchase Agreement (the “SPA”) with an accredited investor (the “Investor”) and (ii) a STRATA Purchase Agreement (the “STRATA Agreement” and together with the SPA, collectively, the “Agreements”) with the Investor.

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Clean Vision Corp filing history →

Source: SEC EDGAR

accession 0001903596-24-000088

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