secwatch.observer — SEC 8-K summary
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Issuer:     Clean Vision Corp (CLNV)
CIK:        0001391426
Form:       8-K
Filed at:   2024-02-16T23:59:59+00:00
Accession:  0001903596-24-000088
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1391426/000190359624000088/0001903596-24-000088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1391426/000190359624000088/clnv_8k.htm
  HTML page:      https://secwatch.observer/filing/0001903596-24-000088

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