Clean Vision defaults on $246,400 convertible note payment; interest rate jumps to 24%

Clean Vision Corp

Default triggered by missed $50,000 payment due Aug 12, 2024; current balance $246,400.
Interest rate adjusted from 12% to 24%; conversion price resets to lowest traded price during default.
Company negotiating forbearance but warns of material impact on working capital if unable to cure.
Default could force equity/debt financing on substantially worse terms than current note.

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