8-K
filed March 29, 2024, 7:59 PM ET
ticker CLNV
CIK 0001391426
debt
confidence high
sentiment neutral
materiality 0.65
Clean Vision issues $666,666 convertible note and warrants, amends existing $2.5M note
Clean Vision Corp
- Issued $666,666 convertible note at $0.03/share conversion, 5% interest, matures Oct 1, 2024.
- Warrant for 22,222,220 shares at $0.03 exercise price, 5-year term.
- Amended and restated existing $2.5M note (Feb 2023) to $0.03 conversion, 5% interest, matures Dec 1, 2024.
- Amended and restated existing warrant to same terms: 22,222,220 shares at $0.03, 5-year term.
- Company filed registration rights agreement to register resale of the securities.
Key facts
Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Clean Vision Corp entered into Securities Purchase Agreement with Investor (effective 2024-03-25).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- Investor
- Effective
- 2024-03-25
Exact text from the filing
On March 25, 2024 (the “Issue Date”), the Company and Investor entered into a Securities Purchase Agreement (the “Purchase Agreement”), whereby: (i) the Company issued to the Investor (a) a convertible note in the aggregate principal amount of $666,666 (the “March 2024 Note”), and (b) a warrant initially exercisable to acquire up to 22,222,220 shares of Common Stock at an exercise price of $0.03 per share (the “March 2024 Warrant”); and (ii) the parties agreed to amend and restate the Existing Note and Existing Warrant as discussed below.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Clean Vision Corp amended Amended and Restated Warrant to Purchase Common Stock with Investor (effective 2024-03-25).
- Action
- amendment
- Counterparty
- Investor
- Effective
- 2024-03-25
Exact text from the filing
In connection with the Purchase Agreement, the Company and Investor agreed to amend and restate the Existing Warrant as set forth in that certain Amended and Restated Warrant to Purchase Common Stock dated March 25, 2024 (the “A&R Warrant).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Clean Vision Corp entered into Registration Rights Agreement with Investor (effective 2024-03-25).
- Action
- entry
- Counterparty
- Investor
- Effective
- 2024-03-25
Exact text from the filing
On the Issue Date, the Company and the Investor entered into a registration rights agreement (the “RRA”), pursuant to which the Company agreed to file with the SEC, within forty-five (45) days after the Issue Date, a registration statement covering the resale of all securities issuable to the Investor under the Purchase Agreement.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Clean Vision Corp amended Amended and Restated Convertible Note with Investor (effective 2024-03-25).
- Action
- amendment
- Agreement
- notes offering
- Counterparty
- Investor
- Effective
- 2024-03-25
Exact text from the filing
In connection with the Purchase Agreement, the Company and Investor amended and restated the Existing Note as set forth in that certain Amended and Restated Convertible Note dated March 25, 2024 (the “A&R Note).
View on SEC.gov
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